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...