A prominent local economist last week accused me of being – brace yourself – upbeat.
Optimism, regular readers will recall, was a dish served seldom during the 21-months this column appeared on Thursdays. Blame it on the worst global recession since the Great Depression. And given the precarious outlook that still dogs the world’s largest economies, it seems likely that optimism will remain a rare treat even now that we are meeting here at the start of the week.
The economist was referring not to a column, but rather to an article I wrote last week on forecasts that the UAE’s economy would grow just 2.5 per cent this year.
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