The UAE Central Bank expects the economy to grow by 4.2% in 2022, compared to 2.1% in 2021.
According to Arabiya Net, the bank said on its website that the real non-oil GDP is expected to rise by 3.9%, due to the continued increase in public spending and positive expectations. For credit growth, job creation and improved business sentiment amid the World Expo in Dubai.
He added that oil GDP is expected to grow by 5% in 2022, which reflects the expected increase in demand after the vaccination of most of the world's economies.
The expectations of the Central Bank, which were mentioned in its last quarterly report on the economy, are more optimistic than the expectations of the International Monetary Fund, which indicated that the UAE economy will grow by 3%. year.