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FINANCIAL NEWS
Abu Dhabi’s 2012 economic growth revised down to 3.9%
25 Sep 2012
(MENAFN) Abu Dhabi’s Department of Economic Development revised down the emirate’s economic growth rate for 2012 to 3.9 percent, reported Arab News.
The department said that between 2013 and 2016, Abu Dhabi’s growth pace is forecasted to be at an annual rate of 5.7 percent.
Furthermore, non-oil sectors are projected to lead future economic growth.
In 2011, the emirate’s economy was expected to expand by 4.5 percent.
It is worth noting that the department’s earlier forecast for Abu Dhabi’s growth was put at 5 percent for 2012.
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