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Wednesday, 19 October 2016

UAE economy projected to grow 2.3 per cent in 2016 | GulfNews.com

UAE economy projected to grow 2.3 per cent in 2016 | GulfNews.com:

"The UAE economy is projected grow 2.3 per cent this year compared to 4 per cent last year according to the International Monetary Fund’s (IMF) latest Regional Economic Outlook.
“The growth slowdown is going to be more pronounced in Abu Dhabi while Dubai is coping well with the overall regional economic slowdown. In relative terms, the UAE as a whole is better diversified than the regional economies,” said Masood Ahmad, Director, Middle East and Central Asia Department of the IMF.
Abu Dhabi’s GDP is projected to grow 1.5 per cent this year compared to 4.3 per cent last year. The economic forecast for next year places the GDP growth at 1.7 per cent."



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