Abu Dhabi's economic performance dipped in the first quarter of the year, the results of a newly launched business cycle indicator in the capital show.
Weakening business and household sentiment helped draw to the indicator down compared with the same period last year, according to the new index from the Abu Dhabi Department of Economic Development (DED).
"The recovery will be longer and more difficult than expected and restoring confidence is more important than ever," said Rashed al Zaabi, the deputy executive director of the planning and statistics sector at the DED.
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