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Global economy’s growth to remain subdued amid turbulence in the year ahead, economists say
A majority of 72% of the leading chief economists surveyed anticipate global economic conditions to deteriorate next year
OECD revises up global growth outlook for 2025
The global economy outperformed expectations in 1H 2025 on the back of AI investments and frontloading
ICAEW maintains UAE’s economic growth forecast, revises downwards its GCC forecast
Trade policy uncertainty has cooled down in recent months, while increased oil production and non-oil momentum buoys the forecast
CBUAE lifts GDP forecast this year to 4.9% on higher oil production and non-oil momentum
Growth is forecast to accelerate to 5.3% in 2026
Cabinet signs off on AED 30 bn economic clusters plan
The UAE is also targeting an additional AED 15 bn in foreign trade over the next seven years
UAE GDP grows 3.9% in 1Q 2025
Manufacturing was the top growth contributor, expanding 7.7% y-o-y
Consumer spending in the UAE + GCC to outpace that of global peers
The UAE is expected to see real household consumption growth averaging 3.5% per annum for the next six years
Abu Dhabi GDP poised to grow 3-4% y-o-y in 2Q
The non-oil economy is firing on all cylinders and is estimated to have expanded by 4-6% during the quarter
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