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UAE's GDP growth rate expected to reach 2.9% in 2021 - Bloomberg

UAE's GDP growth rate expected to reach 2.9% in 2021 - Bloomberg
The UAE's CPI is forecast to reach 0.5% in 2021

UAE – Mubasher: The growth rate of the UAE's gross domestic product (GDP) is expected to record 2.9% in 2021, according to Bloomberg's survey published in September.

The expected growth rate in the UAE's GDP is 0.3% higher than the earlier outlook by Bloomberg.

The September survey showed that the UAE's Consumer Price Index (CPI) is forecast to reach 0.5% in 2021, compared to 1.6% in the previous survey.

It is noteworthy to mention that in August, Fitch Solutions forecast that the UAE would witness a robust economic recovery with a growth rate of 4.1% in 2021.