UAE GDP to grow 2.7% in 2018 – Central Bank

The growth rate of non-oil GDP is expected to rise to 3.9% in this year

Abu Dhabi – The UAE's gross domestic product (GDP) is expected to grow 2.7% in 2018 versus a 1.5% growth a year earlier.

The growth rate of non-oil GDP is expected to rise to 3.9% in this year, while oil GDP growth will slow down, recording 0.3%, in the same period, according to a report released by the Central Bank of the UAE.

The central bank forecast that the UAE's GDP will achieve a 1.2% growth in the first quarter of 2018, adding that non-oil GDP growth could reach 3.1% in the same period.

Zawya