IMF says UAE economy to rebound next year
IMF says UAE economy to rebound next year
The International Monetary Fund (IMF) on Tuesday predicted that the UAE and other Gulf countries will rebound strongly next year.
The Fund's World Economic Outlook, released on Tuesday, mentioned that the UAE economy will see a 3.3 per cent growth in 2021, while predicting a 3.5 per cent contraction this year. The decline in the UAE and regional countries is in line with contraction of the global economy and other major economies.
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