-
Categories
-
-
Recent Posts
-
Team Work
-
Tax Calculation
-
UAE’s Growth !
UAE’s overall economy grew by 2.9% in 2019 from a year earlier, an improvement from the prior year’s 1.7% expansion, according to the Central Bank of UAE. The country’s hydrocarbon sector expanded by 7.6% last year while the non-hydrocarbon sector grew by 1.1%.
However, the International Monetary Fund (IMF) projects the UAE economy will contract by 3.5% this year, mainly due to the crude oil price crash caused by the COVID-19 outbreak.
