Merrill Lynch on Tuesday put its 2013 GDP growth forecast for UAE at a stable 3.2 per cent, citing a steadily recovering domestic economy and a better year for emerging markets.
Although the forecast is in line with the modest global growth rate of 3.2 per cent, it warned of risks, including a tough first half for the Eurozone.
“Locally, [there’s] a fair amount of stability post the crisis,” said Johannes Jooste, head of strategy, chief investment office at Merrill Lynch Wealth Management, Europe, Middle East and Africa during a press conference in Dubai. “Certainly my impression is that the property market is stabilising.” He also cited tourism and trade sectors as positives for the local economy.
It is not possible to give this Statement. I'm a social media manager and according to my research Dubai will be the giant business place in upcoming years. Now the days the new trends of daily deal business like Desert Safari is growing day by day.. And diverting peoples attention to Dubai
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