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Thursday, 29 June 2017

UAE economic growth forecast adjusted to 2% by Emirates NBD | The National

UAE economic growth forecast adjusted to 2% by Emirates NBD | The National:

"Emirates NBD, Dubai’s largest lender by assets, lowered its forecast for economic growth in the UAE this year to 2 per cent from 3.4 per cent. It pointed to the expected ­impact on growth from the extension of an oil output restraint deal agreed by Opec and a group of countries led by ­Russia. Khatija Haque, the head of Middle East and North Africa research at Emirates NBD, said in a report that the decision in May to extend production curbs until March 2018 to shore up crude prices has led the bank to revise down its 2017 real GDP growth forecast for the UAE."



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