A research produced by
The International Monetary Fund (IMF) estimates that overall real GDP growth in the UAE registered 3.9% in 2015 and is expected to fall in 2016 to 2.3%(f) before seeing gradual recovery to 2.5%(f) in 2017.
Current WTI Oil prices have recovered to USD 54 a barrel from this time last year when oil was c. USD 36 a barrel, which should assist government reviews on federal spending in 2017/18. There are some analysts predicting that average oil prices will stabilise around USD 60 between 2016 and 2020.
Source : Knight Frank
