Middle East Economic Survey

VOL. LIV

No 22

30-May-2011

UAE

UAE Real Non-Hydrocarbon GDP Growth Forecast To Hit 3.3% In 2011, IMF Says

Supported by an encouraging global environment, the economic recovery in the United Arab Emirates is gathering pace, with non-hydrocarbon growth projected to accelerate from 2.1% in 2010 to 3.3% in 2011, the IMF said in its Article IV consultation with the UAE, published on 23 May. This, the report said, is thought to reflect stronger tourism, logistics and...