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FinancialNews


  • 03-06-19

    2022 economic growth forecast in Abu Dhabi at 2.5 percent

    (MENAFN) Abu Dhabi, the capital of the United Arab Emirates (UAE), is forecast to witness a 2 percent boost in its economic growth for 2019 and a 2.5 percent jump by 2022.

    This expected surge is attributed to hikes in oil output as well as expenditure the government is maintaining to spur economic growth.

    S&P Global unveiled in a recent report that Abu Dhabi's gross domestic product (GDP) for 2022 is projected to rise to 3 percent.

    It added: "following several years of expenditure rationalisation, we expect the government will moderately increase spending to support a revival in growth."

    MENAFN0306201900450000ID1098601240

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