CBUAE Projects UAE Economy to Grow 6.2% in 2025

UAE, 24 June, 2024 : The Central Bank of the UAE (CBUAE) forecasts the country's GDP to grow by 3.9% in 2024, accelerating to 6.2% in 2025. Non-oil GDP growth is expected to be robust, projected at 5.4% in 2024 and 5.3% in 2025. Hydrocarbon growth is anticipated at 0.3% in 2024, surging to 8.4% in 2025.

In 2023, the UAE recorded a budget surplus of AED 85.6 billion, or 4.5% of GDP, with a GDP growth of 4.3% in the fourth quarter. As of May 2024, the UAE’s seasonally adjusted Purchasing Managers' Index (PMI) stood at 55.3.

Source : www.zawya.com