“IMF” Expects UAE Economy to Grow 4 Percent in 2025

  • United Arab Emirates
  • 27 January 2025
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The International Monetary Fund (IMF) expects the UAE to maintain strong economic growth in the near term, with GDP growing by 4 percent this year, despite lower oil production as a result of OPEC+ agreements. The IMF also expects inflation to remain under control at 2 percent, despite rising housing-related costs.

The International Monetary Fund has predicted that the fiscal surplus will slow to about 4 percent of GDP in 2025, compared to about 5 percent last year. In terms of the banking sector, according to the IMF, strong domestic activity and flexible demand for credit supported the profitability of UAE banks in light of high interest rates.

Source (Al-Rai Kuwaiti Newspaper, Edited)

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