Question

1. How is global economy reshaping in COVID-19? (Include numbers or graphs).
   
2. How UAE economy is affected in COVID-19? (Include numbers or graphs).
3. What strategies UAE government has used to protect UAE economy in COVID -19 (Include numbers or graphs).

help for solving these 3 questions..

Answer 1

COVID 19- covid 19 or coronavirus element is a disease, and its virus is mainly transmitted through droplets generated when an infected person coughs, sneezes, or exhales.

COVID -19 AND THE GLOBAL ECONOMY- covid 19 has affected the entire world economy. transporations have been stopped due to this the airlines, buses personal vehicles are not operating due to this the demand for crude oil has declined as low from there two decade prices. there is too much volatility in the market and no market dealing is taking place. people have been locked down in there homes due to precautionary measures.

in a leading indian newspaper the economic time on 2nd april this statement was published

"In the worst-case scenario, the global output would contract by 0.9 per cent - instead of growing by 2.5 per cent - in 2020," it said, adding that the scenario is based on demand-side shocks of different magnitudes to China, Japan, South Korea, the US and the EU, as well as an oil price decline of 50 per cent against our baseline of USD 61 per barrel.

How UAE economy is affected in COVID-19? - due to declined level of transportaion the price of a barrel of West Texas Intermediate (WTI), for US oil, fell into negative level for the first time in history on Monday(20 apr,2020), dropping to minus $37 a barrel.

in an interview-

"Nobody wants to take delivery of oil next month because there's nowhere to store it, so the price dropped below zero,"

Rachel Winter, associate investment director at Killik & Co. (source-bbc news)

What strategies UAE government has used to protect UAE economy in COVID -19 ?

UAE needs a dynamic planning in this critical timing because in past few days it had been seen that the oil producing companies told that they would be able to maintain the equilibrium by declining the production of oil to 10%. but recent news revealed that declining the production didn't help them.many workers have had to take temporary salary cuts or go on unpaid leaves

world economy is now moving toward the depression era and too many bold steps needed to be taken right now.

partial economy activity along with medical facilities have been permitted and new plannings and discussion is taking place with the world leaders.Vaccinations is in process and may be soon be available.but undoubtely the situation is immense and critical.