UAE, 18 September, 2024 : The latest ICAEW Economic Insight report, prepared by Oxford Economics, forecasts a significant economic rebound in the GCC, with growth expected to rise to 4.4% in 2025.
The report predicts Middle East growth at 2.1% in 2024, accelerating to 3.7% in 2025, driven by the resilience of non-energy sectors, which are set to expand by 4.2% this year and 4.4% in 2025.
Key growth drivers include tourism, trade, and finance, supported by strong domestic activity and anticipated interest rate cuts. Oxford Economics highlighted the GCC's strategic investments in non-oil sectors as critical to this robust growth outlook.
Source : www.wam.ae
Related Posts
UAE, 11 August, 2026: The UAE Ministry of Finance has extended Small Business Relief until 31 D...
Read More
Everyone knows shell companies are used to hide money. Fewer people can explain exactly how the hidi...
Read More
The term politically exposed person sounds bureaucratic, the kind of phrase that belongs in a compli...
Read More