U.A.E. Economic Growth Accelerates in 2018 But Misses Estimates - Bloomberg:
The United Arab Emirates’ economy grew 1.7 percent in 2018, picking up pace on the back of higher oil prices but falling short of expectations.
Growth was 0.8 percent in 2017 and had been forecast to accelerate to 2.9 percent last year, according to data on Bloomberg.
Higher oil and gas income was one of the main drivers of overall growth, Minister of Economy Sultan bin Saeed Al Mansouri was cited as saying by the state-run WAM news agency. The sector contributed to 25.9 percent of the country’s gross domestic product.
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