DUBAI: The United Arab Emirates’ (UAE) economy shrank 6.1% last year, the country’s statistics centre said on Sunday citing preliminary data, as the coronavirus crisis hit several key sectors.
“The country’s economy is linked through foreign trade, foreign investment, tourism and the logistical sector with the movement of trade and investment and global transportation, which declined significantly in 2020 worldwide, ” according to the Federal Competitiveness and Statistics Centre in a report.
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