Abu Dhabi's Growth Masks Weakness as Non-Oil GDP Shrinks: Chart - Bloomberg:
Revved-up spending plans by Abu Dhabi’s government have yet to spur growth in the non-oil sector of the emirate’s economy. While first-quarter gross domestic product grew 5.7% from the previous year, the non-oil part shrank for a third successive quarter. A $13.6 billion stimulus program announced a year ago is “supportive of growth, but will take more time to filter through,” said Jean-Paul Pigat, the head of research and founder of Lighthouse Research.
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