Positive outlook for #UAE's economy in 2019 | ZAWYA MENA Edition

Positive outlook for UAE's economy in 2019 | ZAWYA MENA Edition:

A number of economic officials and analysts have affirmed that the outlook for the UAE economy is highly positive despite global headwinds.

The country’s real gross domestic product (GDP) is expected to grow 3.7 percent this year, higher than the 2.9 percent forecast for 2018 and the 0.8 percent growth achieved in 2017, according to the latest economic outlook figures from the International Monetary Fund (IMF).

Speaking to the Emirates News Agency, Juma Mohammad Al Kait, Assistant Under-Secretary for Foreign Trade Affairs at the Ministry of Economy, said geopolitical developments are unlikely to moderate the economic growth of the UAE, a trend in line with IMF projections of strong growth in the country in 2018 and 2019. "The positive outlook for the country’s economy has been affirmed by the advanced ranking across several global competitiveness indices" he said.