Thursday, 9 December 2010

gulfnews : Dubai economy poised to grow 4.6% next year

The Dubai economy is forecast to grow at 4.6 per cent next year and 6 per cent in 2012, according to research by the Dubai Chamber of Commerce and Industry (DCCI).

This growth will come at a price, however, as the UAE inflation rate is expected to reach 2.5 per cent in 2011 and 3.5 per cent in 2015, according to Dr. Eisa Abdul Galil, Senior Manager of Economic Research at DCCI.

Estimates of Dubai's real GDP growth rate in 2010 range from 0.8 to 2.3 per cent.

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