Analysts forecast the UAE economy to grow by 6.2 per cent in 2025

The UAE economy will grow by 3.9 per cent in the current year 2024 and by 6.2 per cent in 2025. This was reported by Emirates News Agency (WAM), a partner of TV BRICS, citing data from the Arab Monetary Fund (AMF).

Analysts claim that the positive trend in the UAE economy is driven by continued growth in tourism activity, a revival in the property market, and international trade.

The fund's report also notes that the country's financial system is showing strong fundamentals, supported by a vibrant non-oil sector and solid government and monetary policies.

The Emirates' economic position is largely dependent on its strategic initiatives to consolidate its position as a global centre of trade and finance, continuous infrastructure development, a strong regulatory framework that attracts foreign investment, and an emphasis on innovation, growth, and technology-based sectors.

The report explains that the UAE experienced significant economic growth of 7.5 per cent in 2022, driven by successfully overcoming the challenges that emerged after the COVID-19 pandemic.

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