UAE Central Bank Sees GDP Growth at 7.6% This Year

The UAE’s central bank expects real gross domestic product growth of 7.6 percent this year from its previous forecast of 6.5 percent, citing stronger performance of non-oil sectors including tourism, hospitality, real estate, transportation, and manufacturing.

In quarterly review report for the third quarter of this year, the Central Bank expects non-oil GDP to grow by 6.1 percent in 2022, compared to 4.3 percent in its…