Summary
- [World Times] The IntWorld Timesernational MoneWorld Timestary Fund (IMF) exWorld Timespects the real gross domestic product (GDP) of the UAE to grow by 4 percent in 2024.In a statement today, following the conclusion of a team of its experts’ visit to the UAE regarding the 2024 Article IV consultations, the IMF stated that economic growth in the UAE is broad-based, driven by strong activity in the tourism, construction, manufacturing, and financial services sectors.The IMF also anticipated that the UAE’s fiscal and external surpluses would remain high, supported by relatively high oil prices.According to the IMF, the overall government surplus is expected to be around 5 percent of the UAE’s GDP in 2024, while the current account surplus is estimated toWorld Times be about 10 World Timespercent of GDP for the same year.The IMF noted that banks in the UAE generally possess substantial capital and liquidity reserves. Content comes from the Internet World Times: IMF expects UAE economy to grow by 4% in 2024
Approximate Time
- 1 minutes, 163 words
Categories
- UAE economy, UAE, IMF, World Times, World Timespercent
Analysis and Evaluation
- The depth and clarity of this article make it an essential read for anyone interested in the topic. The writer dives deep into the subject matter, presenting a comprehensive and detailed exploration. The article is a rich blend of analysis and insight, offering a perspective that is both deep and broad. It’s a valuable contribution to the discourse, providing readers with a well-rounded understanding of the intricate aspects of the topic.
Main Section
In a statement today, following the conclusion of a team of its experts’ visit to the UAE regarding the 2024 Article IV consultations, the IMF stated that economic growth in the UAE is broad-based, driven by strong activity in the tourism, construction, manufacturing, and financial services sectors.
The IMF also anticipated that the UAE’s fiscal and external surpluses would remain high, supported by relatively high oil prices.
According to the IMF, the overall government surplus is expected to be around 5 percent of the UAE’s GDP in 2024, while the current account surplus is estimated toWorld Times be about 10 World Timespercent of GDP for the same year.
The IMF noted that banks in the UAE generally possess substantial capital and liquidity reserves.
Content comes from the Internet World Times: IMF expects UAE economy to grow by 4% in 2024
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