Growth for UAE to come in below IMF forecast | The National

Growth for UAE to come in below IMF forecast | The National:

"The Institute of International Finance (IIF) expects the UAE’s growth this year to come in below IMF forecasts and post a wider deficit because of lower spending and low oil prices.

The UAE economy is forecast to grow at 2.5 per cent this year and post a fiscal deficit of 8 per cent, according to the IIF.

The IMF, however, had UAE’s growth for 2016 at 2.6 per cent, a cut of 0.5 percentage point compared with its October projection of 3.1 per cent growth."



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