UAE

 

IMF Estimates UAE Real GDP Growth In 2011 At 4.9%

UAE real GDP in 2011 is estimated to have risen by 4.9%, according to the IMF Article IV consultation with the UAE, published on 16 May. “High oil prices and increased production, strong growth in Asia, and the UAE’s perceived safe haven status in the context of the regional turmoil” contributed to this rise. The IMF added that despite the continued weakness of the construction and real...