Abu Dhabi economy grows 5.2 pct in 2013, slower than expected | Reuters

Abu Dhabi economy grows 5.2 pct in 2013, slower than expected | Reuters:



"Abu Dhabi's economy expanded an inflation-adjusted 5.2 percent in 2013, its official statistics centre said on Tuesday, a much slower rate than the government had previously estimated but still higher than 4.8 percent in 2012.



The figure from the Statistics Centre Abu Dhabi (SCAD) was much lower than an estimate in February by the emirate's Department of Economic Development (DED), which said real GDP grew 7.4 percent last year compared with 5.6 percent in 2012.



A DED official told Reuters that the big difference in the two growth figures for last year - equivalent to more than $4 billion - was partly due to a difference in the two institutions' estimates of oil prices. SCAD officials were not immediately available to comment."



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