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International institutions: the economy of the UAE, the fastest growing in the Gulf states in 2020

International institutions: the economy of the UAE, the fastest growing in the Gulf states in 2020

Four international financial institutions painted a positive and optimistic picture of the performance of the UAE economy until 2020, based on several factors that included the diversity and rigidity of the engines supporting growth, in addition to the flexibility that characterizes the national economy and continues government spending.

The list of international institutions that confirmed the strength of the UAE economy and its ability to continue growth included both the bank and the International Monetary Fund alongside the Institute of International Finance and the United Nations Conference on Trade and Development "UNCTAD", which are in the aggregate institutions classified at the forefront of international institutions balanced in economic and financial affairs at the global level .

These four institutions unanimously agreed on the distinguished position enjoyed by the Emirati economy, both in terms of flexibility and the financial durability that it enjoys and the positive prospects for growth in the coming years, which prompted many of them to adjust their expectations for the growth of the gross domestic product of the Emirates, to become the highest at the level of the Gulf Cooperation Council countries Al-Khaleeji by 2020.

"From al-ain E Newspaper"

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