Macroeconomic Forecast UAE

September 2008 | Macroeconomic Forecasts

We are forecasting real GDP growth of 7.0% this year, rising to 7.5% in 2009 due to a acceleration in exports (particularly in the non-oil sector) and a slight slowdown in the growth of imports, reflecting a marginal easing of consumer spending growth. However, there are downside risks, most notably from lower oil prices and from a slowdown in the housing market.

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