"The UAE should be pleased with the International Monetary Fund’s (IMF) prediction that it will achieve 3.6 per cent growth in its gross domestic product (GDP) this year, which is set to increase marginally to 3.8 per cent by 2015. At a time of global recession, when many of the traditional economic powerhouses are suffering from near-zero or negative growth, it is a matter of celebration that the UAE is achieving consistent economic growth. A few years ago, growth rates between 3 to 4 per cent would have seemed average, but today they are an important signal to the outside world that the UAE’s over-publicised problems are over. In addition, the quality of economic activity shows that the country is focusing on the long term."
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