AF­FECTED SEC­TORS

Gulf News - - FRONT PAGE -

Trade and trans­port sec­tors felt the brunt of the first quar­ter of 2020 slow­down, as did trade-fac­ing ware­hous­ing and lo­gis­tics. Trad­ing ac­tiv­ity con­tracted 7.5 per cent in the first quar­ter — but re­tained its “sta­tus as the largest con­trib­u­tor to the econ­omy, with 23 per cent of GDP. Trans­port and lo­gis­tics were down 5.5 per cent, but still con­trib­uted 12.1 per cent of GDP.

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