UAE's Growth Will Gain Pace In 2024 On Robust Non-Oil Activity And Rebounding Oil Sector
Country Risk / United Arab Emirates / Fri 01 Mar, 2024
Key View
- A combination of a recovery in the oil sector and sustained momentum in the non-oil economy will cause the UAE’s real GDP growth to accelerate from an estimated 3.3% in 2023 to 4.0% in 2024.
- The gradual phasing out of oil supply restrictions in H224 will boost oil output and exports, while progress on diversification plans, higher