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FINANCIAL NEWS
Abu Dhabi economy to remain strong
14 Aug 2016
(MENAFN) Abu Dhabi economy will stay resilient in the coming two years and its financial position will remain very strong.
Furthermore, the strength of the government net asset position offers a buffer to face the negative influence of oil price declines on economic growth.
Accordingly, it”s expected that the emirate will maintain its positive net fiscal asset position in 2016-19 at 320 percent of GDP.
However, despite the recent drop in oil prices, but the country maintained one of the highest GDP per capita levels in the world.
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