Dubai’s ‘strong management’ of Covid-19 outbreak helped reduce economic impact – The National

Dubai’s ‘strong management’ of Covid-19 outbreak helped reduce economic impact – The National

The emirate's GDP grew 2.2% in 2019, but contracted 3.5% in the first quarter of 2020 as it took measures to stop the spread of the pandemic

















Dubai's GDP grew 2.2% in 2019. AFP

















June 30, 2020



June 30, 2020













Efforts put in place to manage the repercussions of Covid-19 helped Dubai to limit the hit to its economy as more advanced countries registered a steeper drop in growth, according to Dubai Statistics Centre.



"The impact of the current worldwide crisis on Dubai in the first quarter of the year was less compared to some of the world's major economies,“ the statistics centre said in a statement announcing gross domestic product figures.



Dubai's GDP contracted 3.5 per cent in the first quarter of 2020, compared to growth of 2.2 per cent last year, the statistics centre said. By comparison, GDP in the eurozone economies fell 3.8 per cent in the first quarter, and in the US the decline was 5 per cent, according to Commerce Department figures published last week.



"Dubai's economy witnessed healthy levels of growth in 2019. It was