The latest HSBC survey of 21 leading exporting nations showed traders most confident in India, Saudi, Arabia and the UAE.
As Dubai hosts the agenda sessions of the World Economic Forum this week residents of the Emirates can feel almost guilty at enjoying an economic upturn at a time when most of the world is facing a very troubled economic outlook.
You can sense the recovery in the UAE from the traffic on the roads, the difficulty in finding a seat in expensive restaurants, the crowded shopping malls or talk to the traders. In the HSBC survey 61 per cent of traders anticipated growth in their cross-border business over the next six months, while 31 per cent said trade volumes would stay at current levels.
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