Macro - Country Economic Forecasts - United Arab Emirates

Macro - Country Economic Forecasts - United Arab Emirates

We have cut our 2023 GDP growth forecast for the UAE by 0.8ppts to 2.4%, a more pessimistic outlook than the IMF's projection of a 3.5% expansion in its latest World Economic Outlook. Our downgrade mainly reflects the upcoming cut to oil output in line with recent OPEC+ guidance.

United Arab Emirates : OPEC+'s output cut to weigh on GDP growth
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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