Dubai – Mubasher: The UAE economy is expected to grow 3.4% in 2018, pushed up by the stability in oil prices and the improvement in the global trade, according to a report released by Bank Audi.
The diversification of the economy will boost the growth rates, the report found.
The trade surplus surged 13.2% year-on-year to $77.3 billion, while the banking sector grew 3.6% with total assets of $731.7 billion at the end of November, Bank Audi’s data showed.
The UAE economy’s growth rate will increase from 2.2% in 2017 to about 3.4% in 2018 and 2019, the report revealed.
