Mubasher: The UAE’s economy is expected to grow 2.5% year-on-year in 2016, according to a report by the National Bank of Kuwait (NBK).
Non-oil sector growth is losing some of its momentum, but it will see “pockets of strength” in its hospitality, transport and construction sectors.
Real oil GDP growth is forecast to remain weak on the medium term, NBK said.
The real oil economy is likely to be “flat” in 2016, yet a slight uptick on higher production levels is expected in 2017.
