UAE GDP expected to grow according to World Bank report

The UAE’s GDP is expected to grow by 3.9 percent in 2024 and reach 4.1 percent in 2025, according to the World Bank’s Global Economic Outlook report.

In April, the World Bank raised its forecast for UAE real GDP growth to 3.9% in 2024, from 3.7% in January.

Growth in the Middle East and North Africa is expected to increase by 2.8 percent in 2024 and 4.2 percent in 2025.

The report projects that growth in Gulf Cooperation Council (GCC) countries will strengthen to 2.8 percent in 2024 and 4.7 percent in 2025.

The economies of oil-exporting countries are expected to grow by 2.9 percent and 4.2 percent in 2024 and 2025 respectively, while those of oil-importing countries are expected to grow by 2.9 percent and 4 percent. hundred in 2024 and 2025 respectively.