The UAE Central Bank expects the economy to grow by 2.1% in 2021

The UAE Central Bank expects the economy to grow by 2.1% in 2021
The UAE Central Bank expects the economy to grow by 2.1% in 2021

Reuters The Central Bank of the Emirates expected, today, Wednesday, that the real GDP growth of the UAE will reach 2.1% in 2021.

At the same time, the bank expected real GDP growth to grow at a stronger pace of 4.2% in 2022, quoting Reuters.

The Department of Economic Development in Dubai, “Dubai Economy”, had announced the economic growth expectations of the emirate during the next stage, expecting to achieve a growth rate of 3.1% in 2021, and to accelerate the rate in 2022 to record 3.4%, supported by several factors, the most important of which is the hosting of “Expo 2020 Dubai” “.

The agency, Standard & Poor’s, had expected the UAE’s economy to grow by 2.7% during the current and next year, but the growth rate would decline to 2% during 2023 and 2024.

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UAE Central Bank expects economy grow

 
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