World Bank expects the UAE's economy to grow
The World Bank expects the UAE's economy to grow by 4.9% in 2026 and 2027.
The World Bank expects the UAE's economic growth to continue its upward trend, reaching 4.6% in 2025 and stabilizing at 4.9% in 2026 and 2027.
According to the World Bank's Gulf Economic Update Report, which is based on information available as of June 1, economic growth in the Gulf Cooperation Council (GCC) countries is expected to increase over the medium term to 3.2% in 2025 and 4.5% in 2026.
The World Bank confirmed in a report, as reported by the Emirates News Agency, that the UAE's non-oil sectors continue to be a major driver of growth, with growth expected to reach 4.9% in 2025. According to the latest edition of the Gulf Economic Update Report, the region witnessed remarkable economic growth of 1.7% in 2024, compared to 0.3% in 2023.
According to the report, the non-oil sector continued to demonstrate resilience, increasing by 3.7%. This growth was largely driven by private consumption, investment, and structural reforms implemented in the GCC countries.
The World Bank expects the UAE's economy to continue its upward trend in 2025, and to stabilize at 4.9% in 2026 and 2027, confirming that the UAE's economy is strong and continue its upward trend.
ReplyDeleteThe World Bank confirmed in a report that the UAE's non-oil sectors remain a major driver of growth. The UAE is always at the forefront.
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