UAE economy likely to grow 5.1pc in 2022.
The International Monetary (IMF) has revised the UAE's economic growth forecast upward for 2022 and 2023 in the latest report. According to the IMF's World Economic Outlook report released on Wednesday, the UAE's gross domestic product (GDP) is projected to grow 5.1 percent this year as compared to its previous forecast of 4.2 percent. It would be the highest growth in the past seven years.
The International Monetary Fund projects Middle East and North African GDP will grow by 5 percent this year, up from 4.1 percent in 2021, before slowing to 3.6 percent in 2023 as global conditions worsen, a senior official said on Thursday. Inflation in Mena was projected to average 14.2 percent in 2022 and to remain high next year, driven by...
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