Macroeconomic Forecast UAE

November 2006 | Macroeconomic Forecasts

Despite a weakening of oil prices anticipated in 2007 - we expect the OPEC basket price to fall to US$54.5/bbl in 2007, from US$61/bbl in 2005 - the increasingly broad-based nature of economic growth suggests that real GDP growth will register a rise next year, hitting 8.7%.

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