Standard Chartered chief gives warning over UAE asset bubbles - The National

Standard Chartered chief gives warning over UAE asset bubbles - The National:

"Standard Chartered's local chief executive has warned that preventing asset bubbles will be the biggest challenge facing UAE authorities as the local economy expands.

Research from the British bank, which generates most of its income from emerging markets, said consumer leverage now represents a bigger proportion of the UAE economy than before the financial crisis and added that some measures to protect consumers would be welcome.

With the property crash and attendant financial crisis now firmly in the past, maintaining the current pace of economic growth required attention from the Government, said Jonathan Morris, the bank's chief executive for the UAE."

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