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UAE GDP growth projected to exceed 5 percent by 2025

The UAE's GDP is projected to grow over 5% by 2025, driven by robust non-hydrocarbon growth of 5.4% in 2024 and 5.3% in 2025, alongside a recovery in the hydrocarbon sector. Global factors, including oil production and monetary policy adjustments, are expected to influence this growth trajectory. The IMF forecasts a stabilization at 4% in 2024, increasing to 5.1% in 2025, while the World Bank anticipates a rise to 3.3% in 2024 and 4.1% in 2025, highlighting the importance of the non-oil sector in economic development.
Economy Middle East
United States Dollar UBS AG USA ARE Joe Biden Michael Bolliger
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11:46 28.10.2024
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