The International Monetary Fund (IMF) expects the real GDP growth of the UAE to reach 2.8% this year, likely to rise to 3.3% next year and reach 2.7 by 2024.
IMF expected the average GDP growth of the oil-producing countries in the Middle East and North Africa region to reach around 0.4 percent this year and around 2.8 percent next year. While the region's average growth is expected to reach 1.3 percent this year and 3.2 percent next year.
According to the report, inflation in the UAE is expected to stabilize this year at a rate of no more than 2.1%, compared to 3.1% last year. IMF also expected to stabilize consumer prices in the country at no more than 2.2% by 2024.
IMF expects the country to achieve a current account surplus of 5.9% of GDP this year and 5.1% in 2020. IMF also anticipates the real GDP of the UAE to grow by 3.6% next year and stabilize at 2.8% by 2023.
Source: (Al Khaleej newspaper, edited)
