According to Oxford Economics, UAE’s GDP will increase by 4.4% next year.
According to forecasts made by Oxford Economics, the UAE economy is expected to experience robust growth in the coming year. The independent economic advisory firm has predicted a growth rate of 4.4% for the UAE in 2024.
Factors Driving Growth
Several factors are expected to contribute to this anticipated economic growth in the UAE:
- Government Initiatives: The UAE government has been actively implementing initiatives aimed at supporting economic diversification. These measures are expected to have a positive impact on various sectors of the economy, fostering growth and development.
This forecast underscores the country’s commitment to sustainable economic expansion and diversification, paving the way for a promising year ahead in terms of economic performance.
