October 28, 2024
1 min read

‘UAE economy to grow over 5% in 2025’

The IMF recently maintained its forecast for the UAE’s GDP growth at 4 percent in 2024, with an increase to 5.1 percent projected for 2025….reports Asian Lite News

Michael Bolliger, Chief Investment Officer of Emerging Markets at UBS Global Wealth Management, stated that the UAE’s GDP growth is expected to surpass 5 percent in 2025.

Bolliger told the Emirates News Agency (WAM), during an online press briefing, that the optimistic growth outlook for the UAE economy aligns closely with recent estimates from the International Monetary Fund (IMF).

The IMF recently maintained its forecast for the UAE’s GDP growth at 4 percent in 2024, with an increase to 5.1 percent projected for 2025.

Bolliger highlighted that several global factors play a role in shaping growth expectations for the economies of the Gulf Cooperation Council (GCC) countries, foremost among them oil production and OPEC decisions. Additional positive factors include stimulus announcements in China, monetary policy measures, and reductions in the reserve requirement rate, all of which are anticipated to drive markets and the global economy toward recovery.

He clarified that these factors will undoubtedly influence the UAE’s economic performance both directly and indirectly, with expectations that the UAE economy will continue its growth momentum and maintain an upward trajectory.

Bolliger also noted that policy decisions by the United States Federal Reserve concerning monetary policy will be an influential factor on the global economy in the coming period, forecasting a decrease of approximately 150 basis points in interest rates by the end of 2025.

ALSO READ: PM meets UAE, Uzbek leaders in Kazan

Previous Story

Pakistan seeks additional $1.4b loan from China

Next Story

Lebanon aid campaign collects 100 tonnes in Fujairah

Latest from -Top News

Ivory Coast tightens protest ban

Two-month ban on demonstrations deepens fears of repression as opposition leaders barred and hundreds detained ahead of October 25 vote…reports Asian Lite News Ivory Coast authorities have imposed a sweeping two-month ban

Huge crowds as Odinga’s body heads home

Chaos and grief mark final journey of opposition leader Raila Odinga as thousands gather in western Kenya for mourning ceremonies that have already left at least five dead this week Vast crowds

Africa Braces For Trade Shock  

End of US-Africa trade pact threatens thousands of jobs and exports as tariffs loom African manufacturers and workers are bracing for a major economic shock as the United States prepares to end

UK-China Embassy Row Escalates

The delay signals a growing diplomatic strain that could affect broader UK-China relations at a sensitive moment for trade, security, and geopolitical cooperation. Tensions between Britain and China have intensified after Beijing

Pakistan, Afghanistan Seek Calm

The Doha talks are seen as a crucial step in de-escalating hostilities, addressing security concerns, and preventing further civilian casualties along the Afghanistan-Pakistan border. Afghanistan and Pakistan have agreed to an immediate
Go toTop

Don't Miss

UAE Hospitality Market Poised for Growth

The year -to-date data to March 2024 demonstrate the sustained

Ajman Chamber cements commercial ties with India

The discussions were led by Salem Al Suwaidi, Director-General of