IMF forecasts 3.2% UAE growth in 2015 | GulfNews.com

IMF forecasts 3.2% UAE growth in 2015 | GulfNews.com:



"The International Monitory Fund (IMF) estimated the average economic growth of the emirates at 3.6 per cent (2014), and expects 3.2 per cent in 2015, among the highest in the area.



Most recent published data by the National Bureau of Statistics of Abu Dhabi show that the gross total of the foreign trade of non-oil goods, of the UAE was Dh524.8 billion, during the first half of 2014. The imports amounted to 64.8 per cent of the gross (above-mentioned) amount, and exports of non-oil commodities amounted 12.1 per cent and the re-exported stood at 23.1 per cent.



Financially, the IMF expects a retreat from 12.1 per cent of the GDP of the surplus of current balance, in the UAE in 2014 to about 5.3 per cent in 2015, due to the decline in the international oil prices."



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