Will this be the year the UAE economy climbs out of the doldrums? | Arab News:
"The UAE economy has been stuck in a rut. For most of the past couple of years, the country’s leading economic indicators have been becalmed, if not actually falling.
Last year, GDP growth for the Emirates as a whole was just 1.3 percent, according to the International Monetary Fund. Other observers are more pessimistic; London-based consultancy Capital Economics believes it was actually more likely to have been just 0.5 percent, a virtual no-growth level.
The country’s financial markets have been in the doldrums over the same period, with all the big market indices struggling to get out of a tight trading band. As soon as they show any genuine promise, the profit takers are ready to pounce to get some of their investment back. It’s a classic bear syndrome."
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