IMF forecasts UAE's economic growth at 3.1% - Arabianbusiness
In its latest World Economic Outlook report published on Tuesday, the International Monetary Fund (IMF) increased the UAE’s economic growth forecast for 2021 to 3.1 percent, in what is seen as a credit to the country’s positive handling of coronavirus.
While the forecast is up from the 1.2 percent forecasted in October last year, it is expected to soften in 2022, dropping down to 2.6 and stabilising through to 2026, according to the IMF report.
This is in line with what Stephen Anderson, Middle East Strategy and Markets Leader, for PwC Middle East, discussed at the Arabian Business Forum in late February where he said the UAE economy is “moving in such a positive way forward” to become the world’s leading post-Covid-19 economy.
The country has been widely praised for its response to the global pandemic, which initially saw the implementation of strict lockdown measures, before a gradual reopening from May last year.
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