BRICS MORTIMER SILK

November 2023

UAE GDP Set to Double in 2024: Insights and Outlook”

UAE GDP is expected to double in 2024 to 4.8 per cent, up from 2.4 per cent year-on-year in 2023, according to the latest Economic Insight report commissioned by ICAEW and compiled by Oxford Economics. While near-term growth may face constraints due to OPEC+ production quotas, the UAE’s higher reference quota suggests a potential easing of these limitations in 2024. The current...

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