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FinancialNews
24-06-19
2.2 percent surge in UAE economic growth
(MENAFN) Central Bank of the UAE revealed a 2.2 percent boost in the economic growth of the United Arab Emirates (UAE) for the January-March period.
This boost, the central bank explained, is attributed to a strong government as well as solid performance in the private sector.
UAE's non-oil sector, during the three-month period, witnessed a 1.6 percent surge while real gross domestic product (GDP) posted a 2 percent jump.
However, inflation recorded a decrease during the period as a result of a 1.2 percent increase in the private sector's recruitments.
MENAFN2406201900450000ID1098677440
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