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UAE Central Bank raises non-oil growth forecasts

UAE Central Bank raises non-oil growth forecasts
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Abu Dhabi – Mubasher: The Central Bank of the United Arab Emirates (CBUAE) expects the non-oil local economy to grow by 3.3% in 2018.

Real non-oil gross domestic product (GDP) is forecasted by the Emirati central bank by 3.3% in the third quarter of the year, compared with 3.2% in Q3-17.

Non-oil real GDP is also expected to grow by 3.4% in the fourth quarter of 2018, and by 3.7% in 2019.