Emirates real GDP expected to grow 4.2 per cent in 2011

Ahram Online, Wednesday 19 Oct 2011

Real GDP in the United Arab Emirates is expected to grow 4.2 per cent in 2011, up from 1.4 per cent the year before, according to the country’s National Bureau of Statistics.

Non-oil exports are forecast to contribute 65 per cent, while oil exports will contribute 35 per cent to overall economic growth this year.

Inflation is projected to remain low at an average of 1.8 per cent in 2011, on the back of a weak property market.   

 

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