FAB Launches 2021 Global Investment Outlook Report

  • Date: 19-Jan-2021
  • Source: Dubai Chronicle
  • Sector:Financial Services
  • Country:UAE
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FAB Launches 2021 Global Investment Outlook Report

First Abu Dhabi Bank (FAB), the UAE's largest bank and one of the world's largest and safest financial institutions, has published its 2021 Global Investment Outlook Report: 'Paving the path for our investors to grow stronger'. The report, written by the bank's industry experts, examines the current global economic and investment environment, providing insights into key macro-economic trends.

After a year of extremes in 2020, the report suggests a V-shaped recovery is possible for the UAE, with the sharp contraction of the past year followed by a steep increase in activity as the economy emerges from COVID-19. Important factors include a recovery in tourism and oil prices, and strong links to emerging markets.

Based on projections from the Central Bank of the UAE (CBUAE), the national economy should grow by