UAE economy grew 1.7 percent in 2018 - state news agency | Reuters:
The United Arab Emirates’ (UAE) economy grew by 1.7 percent at constant prices in 2018 compared to the previous year, slower than projected, according to state news agency WAM, which cited preliminary 2018 data.
The UAE growth figures follow Dubai’s disclosure last week that its economy grew 1.94 percent in 2018, its slowest pace since a contraction in 2009 when the economy was hobbled by a debt crisis.
Oil producer UAE had projected in December growth between 2.5 percent and 3 percent for 2018 with Gulf economies benefiting from higher oil prices after OPEC members and other producers cut output to tackle a supply glut.
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