{"id":108695,"date":"2025-10-22T00:00:00","date_gmt":"2025-10-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/imf-raises-abu-dhabis-gdp-growth-forecast-to-6\/"},"modified":"2025-10-22T00:00:00","modified_gmt":"2025-10-22T00:00:00","slug":"imf-raises-abu-dhabis-gdp-growth-forecast-to-6","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/10\/22\/imf-raises-abu-dhabis-gdp-growth-forecast-to-6\/","title":{"rendered":"IMF raises Abu Dhabi\u2019s GDP growth forecast to 6%"},"content":{"rendered":"

The Inte<\/strong>rnational Monetary Fund (IMF) now expects Abu Dhabi\u2019s GDP to <\/strong>grow at a 6% clip this year<\/strong>, up from 4.2% <\/span>earlier in May<\/a>, and faster than Dubai\u2019s 3.4% growth, state news agency <\/span>Wam<\/a> quotes IMF\u2019s director for the Middle East, North Africa and Central Asia Jihad Azour as saying at a presser yesterday. Dubai\u2019s forecast was also raised by 0.1%.<\/span><\/p>\n

Abu Dhabi in particular benefits from increased oil production <\/strong>following the unwinding of Opec+\u2019s supply cuts, alongside strong non-oil momentum from both services and real estate sectors, Azour said.<\/span><\/p>\n

REMEMBER- <\/strong>The IMF expects the UAE\u2019s economy to grow<\/a>4.8%<\/a>in 2025<\/a>, up from its 4% forecast in April<\/a>, placing the UAE among the region\u2019s fastest-growing economies this year. This comes as Opec+ members continue to unwind earlier oil cuts, and earlier this month agreeing to add a total of 137k bbl \/ d to production again next month, after approving the same additional number of barrels for October<\/a>. <\/p>\n

THE REGIONAL OUTLOOK-<\/p>\n

The MENA region\u2019s outlook was revised upward by 0.1 percentage points<\/strong> from July\u2019s forecast to 3.3% in 2025, while the projection for next year\u2019s growth was also revised upward by 0.3 percentage points to 3.7%. The fund now expects the region's GDP to remain broadly steady over the medium term.<\/p>\n

\u201cEconomic activity in the Middle East and North Africa has shown remarkable resilience, <\/strong>despite persistent global uncertainty <\/strong>and heightened geopolitical tensions. The region has largely avoided direct fallout from higher US tariffs and global trade restrictions. And while recent tensions have raised concern, their impact has been limited and short-lived,\u201d Azour said in a press briefing (pdf)<\/a>.<\/p>\n

The GCC is expected to grow 3.9% this year<\/strong>, up by 0.9 percentage points from the fund\u2019s last forecast, and significantly higher than the 2.2% growth achieved in 2024. This uptick is mainly driven by the accelerated phasing out of OPEC+ production cuts and robust expansion in non-oil sectors. Growth for 2026 was also upgraded by 0.2 percentage points from the previous forecast to 4.3%.<\/p>\n

Beyond oil revenues, diversification efforts across the GCC are gaining momentum<\/strong>, with non-oil sectors participating significantly in sustaining growth and job creation, Azour said during the press briefing. <\/p>\n","protected":false},"excerpt":{"rendered":"

The IMF sees Dubai growing 3.4%<\/p>\n","protected":false},"author":1,"featured_media":108696,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1556],"tags":[1360,19,7,594],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-108695","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-abu-dhabi","tag-economy","tag-enterpriseam-uae","tag-imf","wpautop","entry"],"acf":{"mongo_id":"11a058bd-ea14-4cd3-be51-868031f5bc90","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/9\/650.jpg","photo_position":"above","homepage_title":"","full_issue_title":"IMF raises Abu Dhabi\u2019s GDP growth forecast to 6%","related_issue":[108690],"teaser":"The IMF sees Dubai growing 3.4%","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.da50c7f9-9d7b-4596-a52f-04d9548be804.mp3"},"yoast_head":"\nIMF raises Abu Dhabi\u2019s GDP growth forecast to 6% - 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