The countries of the world have recently taken extensive measures to contain the virus and avoid the collapse of health care systems, which dealt a lightning blow to industries and jobs globally, and caused the worst economic recession since the 1930s.
After the countries responded to protect the lives and health of people, governments are now working to protect their livelihoods by working towards a sustainable economic recovery, all amidst persistent uncertainty about what we may see in the future.
The “Horizon” research company has developed an index to measure economic recovery in 122 countries, focusing on assessing the state of countries on the journey of recovery, based on their overall health resilience, and the structural strengths and weaknesses that are already at the core of the country’s ability to recover.
The Covid Economic Recovery Index assesses the characteristics that countries possess that will help them overcome the Corona crisis and recover from it.
These factors have been identified on the basis of theoretical and experimental research on economic growth, and the resilience of countries in dealing with crises and responding to previous epidemics.
Finland ranked first in the world in the economic recovery index, followed by Norway in second place, and Germany in third place.
On the Arab level, the UAE ranked first in the Arab world, where it ranked 37th in the world, followed by Saudi Arabia in second place in the Arab world, and then Kuwait in third place in the Arab world.
Learn more about the ranking of Arab countries according to the economic recovery index in the above infographic:
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