VOL. XLVI

No 12

24-March-2003

UAE

IMF Commends UAEs Economic Health But Warns Fiscal Deficits Threaten Outlook

The UAE economy has performed well since the mid-1990s as the market-oriented growth strategy aimed at diversifying the economy and creating an open trade system and a liberal capital flow regime have borne fruit, but fiscal vulnerability to weakening oil prices has increased in recent years, threatening the countrys medium-term economic outlook. These are the findings of a recent IMF...