UAE GDP WILL UP 2.4%
WAM - 22nd September, 2019 -- Real economic growth in the UAE, as estimated by Central Bank of the United Arab Emirates, exhibited Y-o-Y growth of 2.2 percent in Q2 -2019, lower than in the previous quarter.
The bank expects national economy to grow 2.4 pc in 2019, driven by faster growth in the non-oil sector.
Non-oil GDP growth is estimated to have grown from 0.3 pc in Q1 to 1.5 pc in Q2. However, oil GDP growth is estimated to have moderated from 12.4 pc in 2019 Q1 to 4 pc in 2019…
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