Macro - Country Economic Forecasts - United Arab Emirates

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $185	9 Pages	Oxford Economics	November, 2024	OFE19416505

Best Price Guarantee
Price	from $185
Length	9 Pages
Publisher	Oxford Economics
Published Date	November, 2024
SKU	OFE19416505

We've cut our 2025 GDP growth forecast for the United Arab Emirates to 4.5% from 5.0%. Our downgrade is entirely due to OPEC+ policy. The cartel has delayed a planned supply increase until early next year in reaction to the weak oil demand outlook and production growth outside of OPEC+. Given the sluggish demand outlook means oil prices will likely remain under pressure, we think OPEC+ will probably delay reversing production cuts even longer.

United Arab Emirates : Extension of oil production cuts pulls down GDP forecast

Forecast overview

Recent developments

Short-term outlook

Key drivers of our short-term forecast

Economic risk

Economic risk evaluation

Risk warnings

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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Macro - Country Economic Forecasts - United Arab Emirates