Middle East Economic Survey

VOL. LIV

No 11

14-Mar-2011

UAE

UAE Growth Rate Expected At 3.3% In 2011, Says Samba

The UAE economy underwent a modest recovery in 2010 with overall GDP growth estimated at 1.5%, and growth is expected to pick up to 3.3% this year, according to Sambas February 2011 Economic Monitor. Headwinds will still come from the weak real estate sector, debt concerns and relatively tight domestic credit conditions, said the report. But these should be countered by further...