CBUAE revises upwards its GDP growth projection for 2024 to 4%; 6% for 2025

ABU DHABI, 25th September, 2024 (WAM) -- The Central Bank of the UAE (CBUAE) revised upwards its GDP growth projection for 2024 to 4 percent from 3.9 percent previously, reflecting the improved performance of the oil sector.

For 2025, growth is expected to increase to 6 percent, as momentum in the non-hydrocarbon sector is projected to continue, while hydrocarbon production is forecast to pick up significantly.<