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FinancialNews


  • 25-01-17

    UAE real GDP growth set to recover

    (MENAFN) The UAE's real GDP is ready to regain pace this year and in 2018 as the non-oil sector will stage a healthy recovery and offset some of the moderation in the oil sector.

    Furthermore, real GDP growth edged from an estimated 2.5 percent in 2016 to a solid 3 percent in 2017 and 4 percent in 2018.

    Additionally, growth in the oil economy is predicted to be limited in at least the near-to-medium term on the back of production cuts.

    Meanwhile, the non-oil economy will see healthy bounce this year and maintain that stronger momentum going into 2018.

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