#UAE investors optimistic about region's economy: UBS | ZAWYA MENA Edition

UAE investors optimistic about region's economy: UBS | ZAWYA MENA Edition

UAE investors feel confident about their region’s economic perspectives, with 85 percent expressing optimism for the current year, according to a new investment sentiment survey by UBS. However, opinions are split on when life will return to normal.

A slight majority of 51 percent think normal activity will resume before July 2021, while 49 percent of those surveyed believe it will not happen until the second half of the year, according to the report issued Monday.

Following the COVID-19 coronavirus outbreak, countries across the world resorted to largescale lockdowns leading to a slowdown in economic activities. UAE, a frontrunner in vaccine delivery, hopes to vaccinate its entire adult population by end-2021, crossing the 50 percent mark by the end of next month.

According to the UBS survey, globally, over 60 percent of survey respondents have a positive economic outlook over the next 12 months, compared with 55 percent three months prior.