Gulf In Focus - UAE economy set for 3.8pc annual surge until 2023.

Driven by an uptick in investment flows and private consumption, the UAE economy is forecast to record an average annual real GDP growth of 3.8 percent between 2019 and 2023, the Dubai Chamber of Commerce and Industry said. Real GDP for the UAE's non-oil sector is projected to grow by an average of 4.1 percent between 2019 and 2023, compared to the 2.8 percent accounted for in the 2014-18 period, a study revealed. The Dubai Chamber's growth projection for the UAE is in line with forecasts made by the International Monetary Fund, which expects the Arab world's second-biggest economy to 3.7 percent next in 2019, following 2.9 percent expansion in 2018. UAE Minister of Economy Sultan bin Saeed Al Mansouri predicted that the country's GDP would grow more than 3 percent in 2019 after recording...