UAE GDP to expand by 2.9 per cent in 2018 as oil production returns to growth - The National

UAE GDP to expand by 2.9 per cent in 2018 as oil production returns to growth - The National:

"The UAE's economy will expand by 2.9 per cent in 2018 as oil production returns to growth, according to BMI. The economy will expand after curbs in oil production are expected to slow down the economy this year to 2.2 per cent growth this year, from a previous forecast of 2.8 per cent. The Arab world's second largest economy, grew 3.0 per cent in 2016. The UAE reduced its oil production as part of an agreement reached by OPEC and non-OPEC oil producing countries in late 2016. That agreement was extended a further nine months in May 2017, which will slow down the economy this year. "



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