The International Monetary Fund expects the UAE's real GDP to grow by 4% in 2024.
The fund's statement said that the economic growth in the UAE is broad-based, led by strong activity in the tourism, construction, manufacturing and financial services sectors.
The Fund also expected that the UAE's financial and external surpluses would remain high against the backdrop of relatively high oil prices.
According to the International Monetary Fund, the general government surplus is expected to reach about 5% of the UAE’s GDP in 2024, while the current account surplus is estimated to reach about 10% of GDP for the same year.
The IMF pointed out that banks in the UAE have large reserves of capital and liquidity in general.
