Google+ Followers

Wednesday, 22 February 2012

Business : UAE trade to outdo global average: HSBC

UAE trade is expected to grow faster than the world average over the next 15 years that demonstrates the continuing strength of the country’s economy, according to HSBC’s latest Trade Connections report.
The forecast data shows that UAE companies expect to increase trade activity by 5.52 per cent annually over the next 15 years, with overall trade growth expected to grow by 124.03 per cent to 2026. While world trade to grow by 86 per cent in the next 15 years.

It is predicted that trade in the UAE will grow at an annualised rate of 6.99 per cent over the next five years to 2016, increasing between 2017-2021 at 5.37 per cent.