UAE central bank sees GDP growth at 7.6 pct this year, 3.9 pct in 2023

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The United Arab Emirates’ central bank expects real gross domestic product growth of 7.6 percent this year, an upward revision of more than a percentage point, while lowering expectations for growth next year, state news agency WAM said on Monday.

Real GDP was expected to grow 3.9 percent in 2023, revised down from a previous estimate.

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The UAE’s economy minister said earlier this month GDP is expected to grow 6.5 percent this year, and more than 7 percent next year.

Read more: UAE issues 9 pct corporate tax for firms exceeding $100,000 income

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