The International Monetary Fund expected that the real GDP growth of the UAE will reach 2.8% this year, and it is likely that the level of growth will rise to 3.3% in the next year and reach 2.7 By 2024, the expected level of growth for the country is the highest among the economies of the oil-producing countries in the region.

According to Al-Khaleej newspaper, the fund suggested that the average GDP growth of oil-producing countries in the MENA region is about 0.4% this year, and about 2.8% Next year. He expected the average growth of the countries of the region as a whole to reach 1.3% this year and about 3.2% next year.

The level of inflation in the UAE is expected to stabilize in the current and next year at a level not exceeding 2.1%, compared to 3.1% in the past year, and the Fund favored stability in consumer prices in The country is at no more than 2.2% by 2024.

The Fund suggests that the country will achieve a current account surplus of 5.9% of GDP this year, and 5.1% in 2020.

The IMF had predicted last February that the overall growth in the real GDP of the UAE will rise to 3.7% this year compared to 2.9% in the previous year, likely as well. The real GDP of the UAE will grow by 3.6% next year and to settle at 2.8% by 2023.


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