Dubai expects 2.1 pct growth in 2019 on Expo preparation, better trading outlook - Reuters:
Dubai’s economy is expected to grow by 2.1 percent in 2019, the government has forecast, recovering from a downturn last year when it hit its slowest pace since a 2009 contraction when the economy was hobbled by a debt crisis.
Dubai, whose economy is focused on tourism and international business services, saw its economy grow by just 1.94 percent in 2018 amid a downturn in its real estate market.
Recently announced stimulus policies and investments, better growth prospects in trading partners, and projects related to the hosting of the World Expo trade fair in 2020 will be major contributors to growth over the next three years, the Department of Economic Development (DED) said late on Sunday.
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