Middle East Economic Survey
VOL. LII
No 42
19-Oct-2009
UAE
UAE To See Modest Economic Recovery in 2010, NBK Projects
The UAE economy is likely to see a modest upturn in 2010, but is not expected to make a full recovery for another year, the National Bank of Kuwait (NBK) predicts. Real GDP growth for the country is projected at 3.6% in 2010, with 2.5% growth in the non-oil sector. The bank said in a 14 October report that effective emergency policy measures, rising oil prices and an overall...
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