United Arab Emirates: 2017 Article IV Consultation- Press Release; Staff Report and Informational Annex for the United Arab Emirates
IMF Staff Country Reports, July 14, 2017
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- United Arab Emirates: 2017 Article IV Consultation- Press Release; Staff Report and Informational Annex for the United Arab Emirates
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Bibliographic details
- Published: July 14, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484310182.002
Economic performance and drivers (2016)
- Economic performance of the United Arab Emirates was subdued during most of 2016.
- Growth moderated to 3 percent in 2016 from 3.8 percent in 2015.
- Causes cited:
- Weaker oil prices.
- Slower oil output growth.
- Postponement of some public infrastructure projects.
- Slowdown in global trade.
Near-term outlook and projections (2017 and beyond)
- Economic activity is expected to strengthen gradually in the coming years with:
- Firming oil prices.
- Other global indicators improving.
- An easing pace of fiscal consolidation.
- Non-oil growth projections:
- Non-oil growth is projected to rise to 3.3 percent in 2017 from 2.7 percent in 2016.
- Projection drivers: increased domestic public investment and a pickup in global trade.
Policy themes and subject coverage
- Report themes include:
- Banking
- Commodities
- Expenditure
- Financial institutions
- Fiscal consolidation
- Fiscal policy
- Loans
- Oil
- Oil prices
- Prices
Content in this bundle
- Country Report