The UAE is on an economic tear, as higher oil prices, strong capital and investment inflows, and surging domestic activity boost the country’s growth outlook.
Gross domestic product (GDP) is forecast to increase by 3.4% in 2023 — a higher figure than any of its five peers in the Gulf Co-operation Council (GCC) — and rise to 4% in 2024, according to the most recent forecasts of the International Monetary Fund (IMF).
