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FINANCIAL NEWS
UAE real GDP growth set to recover
25 Jan 2017
(MENAFN) The UAE’s real GDP is ready to regain pace this year and in 2018 as the non-oil sector will stage a healthy recovery and offset some of the moderation in the oil sector.
Furthermore, real GDP growth edged from an estimated 2.5 percent in 2016 to a solid 3 percent in 2017 and 4 percent in 2018.
Additionally, growth in the oil economy is predicted to be limited in at least the near-to-medium term on the back of production cuts.
Meanwhile, the non-oil economy will see healthy bounce this year and maintain that stronger momentum going into 2018.
M
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