Middle East Economic Survey

VOL. XLVII

No 28

12-July-2004

UAE

BUDGETS AND REVENUES

UAE Economy Enjoys Robust Growth In 2003, Says IMF

The UAE enjoyed a year of strong growth in2003, reflecting higher oil production and prices and robust non-hydrocarbon real GDP growth of around 5%. Sound policies supported by structural reforms have enhanced the role of the private sector, contributed to growth of the non-hydrocarbon sector and diversification of the economy, and enhanced the economys resilience to...