United Arab Emirates: 2017 Article IV Consultation- Press Release; Staff Report and Informational Annex for the United Arab Emirates

International Monetary Fund

No 2017/218, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2017 Article IV Consultation highlights that the economic performance of the United Arab Emirates was subdued during most of 2016. Together with weaker oil prices and slower oil output growth, the postponement of some public infrastructure projects and a slowdown in global trade caused growth to moderate to 3 percent from 3.8 percent in 2015. Economic activity is expected to strengthen gradually in the coming years with firming oil prices and other global indicators, and an easing pace of fiscal consolidation. Non-oil growth is projected to rise to 3.3 percent in 2017 from 2.7 percent in 2016, reflecting increased domestic public investment and a pickup in global trade.

Keywords: ISCR; CR; GDP; IMF staff estimate; government; U.A.E dirham; SWF investment income; restructuring study; PPP investment; Emirates government; Oil prices; Fiscal consolidation; Oil; Loans; Global (search for similar items in EconPapers)
Pages: 60
Date: 2017-07-14
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=45088 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2017/218

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().