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 growthForecast overviewRecent developmentsShort-term outlookKey drivers of our short-term forecastEconomic riskEconomic risk evaluationRisk warningsWhat to watch out forExposure to key global risksBackgroundEconomic developmentPolicy and politicsStructure of the economyStructure of trade