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FINANCIAL NEWS
Sharjah’s economy grows 8 percent in 2013
18 Oct 2014
(MENAFN) According to recent data from the UAE Ministry of Economy, Sharjah’s economy grew by 8 percent last year, its fastest pace in five years, Gulf News reported.
The data showed that the emirates’ economy surpassed USD 19.05billion in 2012 and is expected to exceed USD21.77 billion in 2014. No numbers were given for 2013.
Over the past decade the UAE’s third-largest emirate has grown 11 percent. However, amid the global financial crisis the emirate’s economy shrank by 5 percent and then revised to grow by 4 percent in 2010.
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