The rebound in economic growth of Dubai has largely been due to the fiscal policies and monetary stimulus undertaken by the UAE federal authorities besides the resilience of its major trade partners, India and China, says a report.
The report,`Dubai Economy 2012', released by the Dubai Economic Council (DEC), said the UAE city has recorded steady growth over the past two years with an increase in growth rate from 2.8 per cent in 2010 to 3.4 per cent in 2011.
This is against a contraction in GDP growth of 2.4 per cent in 2009.
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