{
  "title": "United Arab Emirates: Staff Report for the 2014 Article IV Consultation",
  "publication": "IMF Staff Country Reports, July 3, 2014",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/united-arab-emirates-staff-report-for-the-2014-article-iv-consultation-41703",
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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.",
  "publishDate": "2014-07-03",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Macroeconomic overview and recent performance",
      "content": "- The United Arab Emirates has continued to benefit from its perceived safe-haven status amid regional instability.\n- Economic growth reached 5.2 percent in 2013.\n- The economic recovery has been solid, supported by the tourism and hospitality sectors, and a rebounding real estate sector.\n- Growth in oil production moderated.\n- Public projects in Abu Dhabi and buoyant growth in Dubai’s service sectors continued to underpin growth."
    },
    {
      "heading": "Outlook and projections",
      "content": "- The macroeconomic outlook is positive.\n- Economic growth is expected at 4.8 percent in 2014 and about 4.5 percent in coming years.\n- Growth support cited includes a number of mega projects announced and the successful bid for the World Expo 2020."
    },
    {
      "heading": "Key thematic highlights",
      "content": "- Sectors underpinning recovery and growth:\n  - Tourism and hospitality sectors.\n  - Real estate sector (rebounding).\n  - Dubai’s service sectors (buoyant growth).\n  - Public projects in Abu Dhabi.\n- Structural and sectoral considerations:\n  - Moderation in oil production noted alongside non-oil sector drivers of growth.\n\nUnited Arab Emirates: Staff Report for the 2014 Article IV Consultation (IMF Staff Country Report 2014/187), July 3, 2014.\n\n---\n\n Content in this bundle\n\n- cr14187\n  - cr14187 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr14187 (PDF){rel=\"external\" type=\"application/pdf\"}\n- cr14187a\n  - cr14187a (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr14187a (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/united-arab-emirates-staff-report-for-the-2014-article-iv-consultation-41703"
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    "Published: July 3, 2014",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498326476.002",
    "The United Arab Emirates has continued to benefit from its perceived safe-haven status amid regional instability.",
    "Economic growth reached 5.2 percent in 2013.",
    "The economic recovery has been solid, supported by the tourism and hospitality sectors, and a rebounding real estate sector.",
    "Growth in oil production moderated.",
    "Public projects in Abu Dhabi and buoyant growth in Dubai’s service sectors continued to underpin growth.",
    "The macroeconomic outlook is positive.",
    "Economic growth is expected at 4.8 percent in 2014 and about 4.5 percent in coming years.",
    "Growth support cited includes a number of mega projects announced and the successful bid for the World Expo 2020.",
    "Sectors underpinning recovery and growth:",
    "Structural and sectoral considerations:",
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