Macro - Country Economic Forecasts - United Arab Emirates

Macro - Country Economic Forecasts - United Arab Emirates

We've reduced our 2022 Thai GDP growth forecast 0.8ppts to 3.6%, reflecting not only a weaker-than-expected Q2 but also evidence that public spending will drag on growth. Higher inflation will hit real household incomes, dampening domestic demand. While growth is set to improve to 4.6% in 2023 amid a further pickup in tourism, the projected expansion is 0.4ppts lower than last month, as the combined impact of the Russia-Ukraine conflict, aggressive Fed rate hikes, and China’s zero-COVID stance has led to further downgrades of expected external demand.

United Arab Emirates : Higher inflation shouldn't derail the growth outlook
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Economic development
Policy and politics
Structure of the economy
Structure of trade

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