UAE GDP to grow 2.7% in 2018 Central Bank

PHOTO

Abu Dhabi – The UAE's gross domestic product (GDP) is expected to grow 2.7% in 2018 versus a 1.5% growth a year earlier.

The growth rate of non-oil GDP is expected to rise to 3.9% in this year, while oil GDP growth will slow down, recording 0.3%, in the same period, according to a report released by the Central Bank of the UAE.

The central bank forecast that the UAE's GDP will achieve a 1.2% growth in the first quarter of 2018, adding that non-oil GDP growth could reach 3.1% in the same period.

Source: Mubasher

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.