Nov 20, 2023
DOI: https://doi.org/10.1504/IJTGM.2023.134915
Published in: Int. J. of Trade and Global Markets
Publisher: Inderscience
The Coronavirus pandemic as (COVID-19) has not only caused the infectious disease and harm the human life. But it has further sparked fears of great recession due to global lock down with no economic activities. Current paper examines the impact of current pandemic and relevant stimulus packages on UAE economy by using input-output analysis. Overall, results show that these measures have positive effect on aggregate sectoral output level. With the increase in production, it is estimated that this will further lead to a per annum increase of 2.9% of GDP in coming four years’ time. In summary, the key findings suggest that in current lock down and economic turmoil the main aim is not to increase the overall GDP, but to relieve those who deprived from their normal incomes. In this regard, UAE has effective fiscal and monetary policies to rehabilitate the economy from COVID-19 crisis and move towards sustainable growth.
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