The UAE’s central bank expects real gross domestic product growth of 7.6 percent this year from its previous forecast of 6.5 percent, citing stronger performance of non-oil sectors including tourism, hospitality, real estate, transportation, and manufacturing.
In quarterly review report for the third quarter of this year, the Central Bank expects non-oil GDP to grow by 6.1 percent in 2022, compared to 4.3 percent in its previous estimates, while it expected oil GDP to grow by 11 percent in 2022.
