United Arab Emirates: Staff Report for the 2015 Article IV Consultation

August 4, 2015

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United Arab Emirates: Staff Report for the 2015 Article IV Consultation, (USA: International Monetary Fund, 2015) accessed September 24, 2024

Summary

This 2015 Article IV Consultation highlights that United Arab Emirates has continued to benefit from its perceived safe haven status and large fiscal and external buffers that have helped limit negative spillovers from lower oil prices, sluggish global growth, and volatility in emerging market economies. Non-oil growth remained robust at 4.8 percent in 2014, driven by construction. The economic outlook is expected to moderate amid lower oil prices. Non-oil growth is projected to slow to 3.4 percent in 2015, before increasing to 4.6 percent by 2020, supported by the implementation of mega projects and private investment in the run-up to Expo 2020.

Subject: Commercial banks, Expenditure, Financial institutions, Financial regulation and supervision, International organization, Liquidity requirements, Loans, Monetary policy, Oil prices, Prices

Keywords: Commercial banks, Global, Government deficit financing, IMF staff estimate, Liability positions vis-à-vis nonresident, Liquidity requirements, Loans, Money market rate, Oil prices, U.A.E dirham

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/219
Stock No:

1AREEA2015001
ISBN:

9781513587042
ISSN:

1934-7685

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