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FinancialNews
03-02-19
UAE's economic growth likely to speed up: IMF
(MENAFN) The UAE is forecast to see an accelerated speed in its economic growth over the upcoming few years, the International Monetary Fund (IMF) stated.
Major economic recovery in the UAE, the IMF explained, will be driven by a surge in investment and private sector credit along with better views on trading allies and a jump in tourism through Expo 2020.
A surge is also expected by the IMF to be seen in the UAE's non-oil sector, with growth projected at 3.9 percent this year and 4.2 percent in the next.
Total real GDP growth in the UAE is also expected to stand at about 3.7 percent by 2020 while inflation is likely to stay low.
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