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2019-11-11 12:45:00

UAE GDP GROWTH 2.5%

UAE GDP GROWTH 2.5%

IMF - November 6, 2019 - An IMF team led by Mr. Koshy Mathai visited the UAE from October 22 to November 5, 2019, to conduct discussions for the 2019 Article IV Consultation. Upon conclusion of the visit, Mr. Mathai issued the following statement:

"Following a challenging period, the economy is recovering. Non-oil growth could exceed 1 percent in 2019 and pick up to around 3 percent next year, the fastest since 2016, on the back of Expo 2020 and fiscal stimulus. Overall GDP growth would register 2.5 percent in 2020.

"Sustaining robust…

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