United Arab Emirates: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the United Arab Emirates

Publication Date: July 03, 2014
Electronic Access: Free Full text (PDF file size is 1,674KB).
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Summary: This 2014 Article IV Consultation highlights that the United Arab Emirates has continued to benefit from its perceived safe-haven status amid regional instability. The economic recovery has been solid, supported by the tourism and hospitality sectors, and a rebounding real estate sector. Although growth in oil production moderated, public projects in Abu Dhabi and buoyant growth in Dubai’s service sectors continued to underpin growth, which reached 5.2 percent in 2013. The macroeconomic outlook is positive. Economic growth is expected at 4.8 percent in 2014 and about 4.5 percent in coming years, supported by a number of mega projects announced and the successful bid for the World Expo 2020.
Series: Country Report No. 14/187
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Credit expansion | Banking sector | Economic indicators | Exchange rate assessments | Debt sustainability analysis | Staff Reports | Press releases | United Arab Emirates

Notes Also available in Arabic
Publication Date: July 03, 2014
ISBN/ISSN: 9781498326476/1934-7685 Format: Paper
Stock No: 1AREEA2014001 Pages: 56
US$18.00 (Academic Rate:
US$18.00 )
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