the World Economic Outlook (WEO) released a statement predicting that the UAE's real GDP will remain at 4% in 2024 and increase to 5.1% in 2025.
Publish dateWednesday 23 October 2024 - 13:01
According to Amac News: In the announcement of the the World Economic Outlook (WEO), it has been predicted that the economic growth of the Middle East and Central Asia will be 2.4 and 3.9 percent in 2024 and 2025, respectively.
Based on this outlook, global growth is expected to remain steady but weak. Growth is forecast at 3.2% in 2024 and 2025, almost unchanged from the July and April 2024 WEO.
The report estimated advanced economies to grow by 1.8 percent in 2024 and 2025, up from 1.7 percent in 2023, while emerging and developing economies are expected to grow by 4.2 percent in 2024 and 2025, up from 4.4 percent in 2023.
Global inflation is expected to decline from an annual average of 6.7% in 2023 to 5.8% in 2024 and 4.3% in 2025, with advanced economies returning to their inflation targets earlier than emerging markets and developing economies.
The US economy is expected to grow by 2.8 percent in 2024 and slow to 2.2 percent in 2025, the WEO said.
Based on this outlook, global growth is expected to remain steady but weak. Growth is forecast at 3.2% in 2024 and 2025, almost unchanged from the July and April 2024 WEO.
The report estimated advanced economies to grow by 1.8 percent in 2024 and 2025, up from 1.7 percent in 2023, while emerging and developing economies are expected to grow by 4.2 percent in 2024 and 2025, up from 4.4 percent in 2023.
Global inflation is expected to decline from an annual average of 6.7% in 2023 to 5.8% in 2024 and 4.3% in 2025, with advanced economies returning to their inflation targets earlier than emerging markets and developing economies.
The US economy is expected to grow by 2.8 percent in 2024 and slow to 2.2 percent in 2025, the WEO said.
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Source : news agency wam
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