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Quarterly European Market Report Q2 2020

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United Arab Emirates Latest Available Workforce Statistics - December 2019 Total Workforce 6.9m Unemployed 182K Impact of Coronavirus ▪ The Economic package is worth 2% of GDP. ▪ The UAE Government has announced that it will review labour ties with countries that aren't repatriating their citizens. ▪ Dubai has introduced movement permits which the general public need to obtain before leaving the house. Employees of essential services are excluded from the movement restrictions. Employment Share: Coronavirus - Likely Impact by Sector High Impact Medium Impact Lower Impact Accommodation and Food Services 6% Construction 22% Education 3% Real Estate; Business and Administrative activities 14% Financial and Insurance Activities 3% Human Health and Social Work Activities 2% Manufacturing 10% Mining and Quarrying 1% Public Admin, defence, social security 4% Wholesale and Retail trade 12% Transport, storage and communication 7% Utilities 1% Arts, Entertainment, Recreation and other services 13% Agriculture, Forestry and fishing 1% Share of Workforce based on Sector and Likely Impact of Coronavirus on Jobs Forecast YOY Change -3.5% IMF GDP Forecast* *IMF Real GDP Forecast is a baseline scenario which assumes pandemic containment measures are gradually wound down in the second half of 2020. IMF, World Economic Outlook, April 2020 IMF, W orld Economic Outlook, April 2020 https://www.imf.org/en/Publications/WEO/Issues/2020/04/14/weo-april-2020 https://ilostat.ilo.org/data/ https://www.ilo.org/global/topics/coronavirus/lang--en/index.htm https://www.lexology.com/research/hubs/coronavirus https://www.reuters.com/article/us-health-coronavirus-saudi-curfew/saudi-arabia-extends-coronavirus-curfew-uae-warns-on-worker-repatriation-idUSKCN21T0W M 56% 33% 12% High Impact Medium Impact Lower Impact

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