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English news

09-Jan-2019

UAE GDP to grow by 3% in 2019 from 2% in 2018 according to the World Bank

The World Bank (WB) said in its latest report that the UAE is expected to grow 2% in 2018 but the growth is expected to accelerate to 3% in 2019 and 3.2% in the following two years of 2020 and 2021. The WB expects higher investment and regulatory reforms to support growth, despite headwinds in the global economic growth.