187
The UAE’s real gross domestic product (GDP) is expected to grow by 3.7% in 2024, up from from 3.4% last year, according to the World Bank’s Global Economic Prospects report.
The GDP is forecast to rise to 3.8% in 2025, it added.
Meanwhile, the growth in the Gulf Cooperation Council (GCC) countries will rise to 3.6% in 2024 and 3.8% in 2025, supported by rebounding oil activity.
Conversely, the growth rate in the Middle East and North Africa (MENA) region slowed significantly to 1.9% in 2023. This slowdown was driven by various…