{"id":42148,"date":"2021-03-01T17:18:09","date_gmt":"2021-03-01T13:18:09","guid":{"rendered":"https:\/\/lovin.co\/dubai\/en\/?p=42148"},"modified":"2021-03-01T17:19:29","modified_gmt":"2021-03-01T13:19:29","slug":"dubai-economy","status":"publish","type":"post","link":"https:\/\/lovin.co\/dubai\/en\/latest\/dubai-economy\/","title":{"rendered":"Dubai Economy Will Grow By A Massive 5% This Year"},"content":{"rendered":"
Dubai Economy will experience big growth this year, despite a loss of population. Both results of the COVID-19 pandemic.<\/p>\n
A S&P Global Ratings<\/a> report said there’s been an 8.4% population drop in Dubai in the last year. COVID-19 has been attributed to a significant decline.<\/p>\n Many countries in the region reported job loss due to the pandemic and with Dubai being home to a large expat population, 8.5% of the population have moved ‘home’ away from the Emirate. Furthermore, Dubai is a ‘global hub for aviation and transport, shopping and tourism,’ according to the report, all sectors which took a big hit due to COVID-19.<\/p>\n Looking ahead, the report noted EXPO will \u201cprovide a platform for recovery activity’ and all sectors can expect to see significant growth this year.<\/p>\n Graphic via Bloomberg<\/a><\/em><\/p>\nGDP saw a big drop but will rise for 2021<\/h2>\n
<\/p>\n
The Dubai economy is famous for its ability to adapt<\/h2>\n