Sunday, 22 September 2019

#UAE expects 2.4% GDP growth in 2019-c.bank - Agricultural Commodities - Reuters

UAE expects 2.4% GDP growth in 2019-c.bank - Agricultural Commodities - Reuters:

The United Arab Emirates expects its economy to grow 2.4% in 2019, driven by faster growth in the oil sector, the central bank said in a report on Sunday. 


The economy grew 1.7% in 2018, according to preliminary data released by the government.

The oil sector is expected to grow 5% in 2019, compared with 2.8% in 2018, while the non-oil sector will grow 1.4%, slightly faster than 2018, the central bank said.

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