UAE’s non-oil sector to achieve 4.2% growth in 2020 – IMF

Abu Dhabi – Mubasher: UAE’s non-oil sector is expected to grow 3.9% in 2019 and 4.2% in 2020, according to a report released by the International Monetary Fund (IMF).

The country’s gross domestic product (GDP) is forecast to increase by 3.7% during the current year and the year after, the report added. 

 and recover following the slowdown caused by the decline in oil prices in the years 2015-2016.

The report said that the UAE's economy would flourish in the coming years, with more investments expected, especially when the country holds Expo 2020, 

Mubasher Contribution Time: 01-Feb-2019 19:50 (GMT)
Mubasher Last Update Time: 01-Feb-2019 19:50 (GMT)