Economic growth in the UAE will peak next year: Beltone forecast

Beltone expects that the total number of visitors to the UAE from around the world will reach 10mln in the period from October 2021 until the end of March 2022

  
Image used for illustrative purpose. Stock Market Exchange on a skyscraper in dubai background.

Image used for illustrative purpose. Stock Market Exchange on a skyscraper in dubai background.

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Abu Dhabi: The UAE's main economic indicators will achieve their highest growth rates in a decade during 2022 with the support of Expo 2020, Egypt-based investment bank Beltone has forecast.

It predicts growth in private spending, non-oil GDP, tax and tourism revenues, with additional expenditure on consumer goods and services during the Expo months, Asharq news reported.

Beltone expects that the total number of visitors to the UAE from around the world will reach 10 million in the period from October 2021 until the end of March 2022.

However, this is less than the pre-pandemic target of 18 million visitors.

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