Fears that a global economic slowdown will hit the UAE are mounting as business activity falls and the country slides in a world competitiveness ranking.
Private-sector activity was down sharply last month, new data showed. HSBC's headline purchasing managers index (PMI) score slid the most since the survey began in August 2009.
Another gloomy set of data showed the UAE fell two notches in an index of the most competitive countries in the world.
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