The UAE's GDP growth is expected to exceed 5% in 2025, said Chief Investment Officer of Emerging Markets at UBS Global Wealth Management.
Publish dateMonday 28 October 2024 - 12:35
According to Amac News: Michael Bolliger, Chief Investment Officer of Emerging Markets at UBS Global Wealth Management, said that the UAE's economic growth outlook is in line with the latest estimates of the International Monetary Fund (IMF).
The International Monetary Fund recently maintained its forecast for the UAE's GDP growth in 2024, with an increase of 5.1% in 2025.
Bolliger emphasized that several global factors play a role in shaping growth expectations for the economies of the Gulf Cooperation Council (GCC), the most important of which are oil production and OPEC decisions.
He noted that the policy decisions of the US Federal Reserve on monetary policies will be an influencing factor on the global economy in the coming period and predicted that the interest rate will decrease by about 150 points by the end of 2025.
The International Monetary Fund recently maintained its forecast for the UAE's GDP growth in 2024, with an increase of 5.1% in 2025.
Bolliger emphasized that several global factors play a role in shaping growth expectations for the economies of the Gulf Cooperation Council (GCC), the most important of which are oil production and OPEC decisions.
He noted that the policy decisions of the US Federal Reserve on monetary policies will be an influencing factor on the global economy in the coming period and predicted that the interest rate will decrease by about 150 points by the end of 2025.
amacnews.com/vdcc.iqsa2bqomy-82.html
Source : news agency wam
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