The United Arab Emirates' economy enjoyed muted growth in 2010 and continues to experience slow yet steady expansion. As the global financial environment starts to recover and oil prices return to normal levels, the Emirates’ economy is starting to mirror that of the rest of the world.
According to the International Monetary Fund (IMF), the overall economy of the UAE is expected to experience more pronounced growth in 2011. Overall, inflation in the UAE in 2010 varied from emirate to emirate. Ajman was the emirate that witnessed the highest inflation increase for the year - 8.5% - while the lowest rise was Fujairah's 2%. IMF projections expect the average inflation figure for the entire federation to oscillate by about 2.5% over the next year.
