Macro - Country Economic Forecasts - Jordan
The UAE's non-oil PMI rose to 54.8 in February from 54.1 in January on the back of a strong recovery in travel and tourism and market demand as fears of the Omicron variant faded. In February, Dubai alone welcomed 1.2m visitors, in comparison to just over 350,000 visitors in the same period last year. Saudi Arabia, India, the UK, and Russia are the top source market thus far. Coupled with a robust recovery in the property market and ambitious FDI targets supported by comprehensive economic and trade agreements, we see non-oil GDP growing by 3.7% in 2022 and 2.4% in 2023 and total GDP growing by 6.1% and 6.6%.
- United Arab Emirates : Recovery on track with rebound in tourism and real estate
- Forecast overview
- Recent developments
- Short-term Outlook
- Key drivers of our short-term forecast
- Steady growth over the medium term
- Economic risk
- Economic risk evaluation
- What to watch out for
- Exposure to key global risks
- Background
- Economic development
- Policy and politics
- Structure of the economy
- Structure of trade
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