Scott Livermore Chief Economist of Oxford Economics Middle East, speaks about how the UAE and Israel are leading the Middle East in terms of reopening to travel with high vaccination rates. He also talks about the importance of governments employing the right policies regarding COVID-19 in order to instill confidence to get people traveling once again.
He then discusses the economic impact that reopening could have on people that have been saving their money thanks to government programs that kept them employed and are now ready to travel and spend money once again. He also believes that the countries that were hit the hardest will recover the best as they have the most to gain.
Watch the full discussion below: