News Desk
The News Desk provides timely and factual coverage of national and international events, with an emphasis on accuracy and clarity.
The International Monetary Fund (IMF) has upgraded its economic growth forecast for the United Arab Emirates, projecting the country’s real GDP to expand by 4.8% in 2025, up from its earlier estimate released in April.
In its latest World Economic Outlook (WEO) report, the IMF also maintained a 5% growth projection for 2026, reflecting confidence in the UAE’s continued economic momentum driven by diversification, strong non-oil performance, and sustained investment inflows, according to a WAM report.
Globally, the Fund expects economic activity to moderate slightly, with growth easing from 3.3% in 2024 to 3.2% in 2025 and 3.1% in 2026. Advanced economies are forecast to grow by about 1.5%, while emerging markets and developing economies are projected to expand just above 4%.
For the Middle East and Central Asia, the IMF anticipates growth to pick up from 2.6% in 2024 to 3.5% in 2025 and 3.8% in 2026, noting that the 2025 outlook has been revised upward by 0.5 percentage points compared to April’s assessment.
The Fund urged policymakers worldwide to focus on restoring confidence through credible, transparent, and sustainable economic measures.
It also called for renewed efforts to rebuild fiscal buffers, preserve central bank independence, and strengthen structural reforms, while pairing trade diplomacy with sound macroeconomic management.
Comments
See what people are discussing