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DWTC generated AED 22.4 bn in economic output last year amid events boom
DWTC’s large-scale events added AED 13 bn to Dubai’s GDP
BMI downgrades UAE’s growth forecast, citing weaker oil prices and global demand
Fitch Solutions’ research unit now sees the economy growing by 4.6% this year
World Bank upgrades growth forecast for the UAE, citing increased oil production and non-oil momentum
The bank cited non-oil momentum as a key growth driver, led by manufacturing
IMF maintains the UAE’s GDP growth forecast at 4%
Inflation is seen rising to 2.1% in 2025
Non-oil sector drove 3.8% growth in Abu Dhabi’s GDP last year
The non-oil sector grew 6.2%
Capital Economics sees the UAE’s GDP growing to 4.5% in 2025
Growth will be driven by “a combination of stronger oil output and a thriving non-oil economy”
CBUAE, ICAEW are upbeat on the UAE’s growth this year
The central bank revised up its forecast for GDP by 0.2 percentage points to 4.7%
Brewing trade war to weigh on global growth, OECD says
It also sees inflation coming in higher than previously forecast
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