UAE Central Bank expects recovery of economic activity in H2 2020

The Central bank of UAE included in its latest report that the economic recovery of the United Arab Emirates (UAE) will begin in the second half of 2020, after the sharp turndown experienced in the months of March, April, and May because of the COVID-19 pandemic. The coronavirus pandemic has forced governments around the world to implement harsh measures to stop the spread of COVID-19, which has left thousands of people dead and millions affected worldwide. And, the government actions, which were the imposed guidelines of confinement and social distancing that left most of the people cloistered in their homes and that led to the temporary closure of countless businesses, which led to a sudden stop in economic activity.