UAE’s economic recovery gaining momentum: IMF

22

The International Monetary Fund (IMF) has commended the UAE on its successful vaccination programme and said economic recovery in the country is gaining momentum with the help of the government’s supportive measures by quickly addressing the effects of the Covid-19 pandemic.

After the conclusion of its executive board’s consultations with the UAE authorities, the fund projected a faster real GDP growth rate of 3.5 per cent for 2022 as compared to 2.2 per cent for 2021, purely driven by the non-oil sector which will grow at 3.4 per cent this year.

“The economic recovery is gaining momentum, supported by the UAE’s early and strong health response.—Khaleej Times

Previous articlePolice arrest 325 accused in crackdown on kite flyers, aerial firing
Next articleIran-EU trade rises 9% in 2021