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Macro - Country Economic Forecasts - United Arab Emirates

Best Price Guarantee Length Publisher Published Date SKU
from $185 8 Pages Oxford Economics December, 2024 OFE19463542
Best Price Guarantee
Price from $185
Length 8 Pages
Publisher Oxford Economics
Published Date December, 2024
SKU OFE19463542

Macro - Country Economic Forecasts - United Arab Emirates



We downgraded our 2025 GDP growth forecast for the UAE to 4.2% from 4.5%, reflecting our revised assumption that the reversal of production cuts will be delayed, likely starting in Q3 2025. The adjustment comes amid an oil price dip, fuelled by expectations of supply surpluses and China’s slow recovery, despite stimulus efforts. Oil production figures for November reflect this trend, with supply rising slightly, surpassing October’s total and the target.


United Arab Emirates : Slower increase in oil production expected in 2025
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

$185
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