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UAE GDP expected to grow according to World Bank report

Wednesday, 12 June 2024 08:59

By ARN News Staff

File photo

The UAE’s GDP is expected to grow 3.9 per cent in 2024 and expand to 4.1 per cent in 2025, according to the Global Economic Prospects report from the World Bank.

In April, the World Bank raised its forecast for real GDP growth in the UAE to 3.9 per cent in 2024, compared to its January forecast of 3.7 per cent.

Growth in the Middle East and North Africa is expected to increase 2.8 per cent in 2024 and 4.2 per cent in 2025.

The report predicts growth in Gulf Cooperation Council (GCC), countries will strengthen to 2.8 per cent in 2024 and 4.7 percent in 2025.

The economies of oil exporters are projected to grow by 2.9 per cent and 4.2 per cent in 2024 and 2025 respectively, while those of oil importers are forecast to deliver growth of 2.9 per cent and 4 per cent in 2024 and 2025 respectively.

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News

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Dubai Police has deployed a number of patrols, while Roads and Transport Authority (RTA) has positioned more than 2,000 staff to respond to any emergencies due to the unstable weather conditions.
UAE leaders congratulate Morocco on FIFA Arab Cup win
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has led messages congratulating Morocco's King Mohammed VI after they won the FIFA Arab Cup 2025 in Qatar on Thursday.