Browsing: fiscal balance

The Central Bank of the United Arab Emirates (CBUAE) has adjusted its inflation forecast for 2024 due to lower-than-expected increases in commodity costs, incomes, and rents.

The Central Bank of the United Arab Emirates (CBUAE) anticipates the country’s strong foreign trade performance to continue into 2024 and 2025, maintaining a projected growth rate for the UAE’s real GDP at 3.9 per cent in 2024, with expectations for it to further accelerate to 6.2 per cent in 2025.