Kick-starting a new era of growth in the UAE

Abu Dhabi: Signs of a revival in consumer demand and positive business sentiment across the UAE offer a bright outlook for the country to get back on its pre-pandemic growth path, according to Aberdeen Standard Investments (ASI).

Proactive government policies and support measures that initially helped to mitigate the impact of COVID-19 enabled the economy to perform better than expected in 2020. And the roadmap suggests positive growth rates by the end of 2021 - 2.5% in real GDP, and 3.6% in non-oil real GDP[1].

Edris Alrafi, Head of Middle East & Africa for ASI, said: "The UAE is showing its resilience and strong fundamentals, helped by effective policies and a nimble approach to adapting, at both the business and consumer levels.“