UAE ECONOMY'S GROWTH
IMF - An IMF team led by Ms. Natalia Tamirisa visited the UAE during September 18-30, 2018, to conduct discussions for the 2018 Article IV Consultation. Upon conclusion of the visit, Ms. Tamirisa issued the following statement:
"The UAE economy has been adapting well to a prolonged decline in oil prices since 2014. A gradual recovery in non-oil activity is under way. With oil production and government spending set to rise, overall growth is projected to strengthen to 2.9 percent this year and 3.7 percent next year. Inflation is projected at 3.5…
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