UAE's GDP to grow 2.1% this year on higher spending, Moody's says - The National

UAE's GDP to grow 2.1% this year on higher spending, Moody's says - The National:

"The UAE’s economy will grow 2.1 per cent this year and 3.9 per cent next year as non-oil growth rebounds on higher government spending, particularly in Dubai, according to Moody’s Investors Service. “Despite the UAE's relatively high exposure to hydrocarbons, the oil price drop did not dramatically alter the economy's medium-term real growth trajectory,” the rating agency said in a report on Monday. Moody’s economic forecast is almost in line with the International Monetary Fund’s projections that put growth at 2 per cent for 2018 and 3.6 per cent next year."



'via Blog this'