Growth in the non-oil economy had strong momentum heading into 2025, with Abu Dhabi’s Q3 2024 data pointing to a robust non-oil expansion. December's PMI climbed to 55.4 from 54.2 in November, the sharpest rise in new orders in nine months. We see this momentum carrying forward with 4.8% non-oil GDP growth set for 2025 and the non-oil sector counterbalancing oil-related pressures and driving overall economic resilience.
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