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(Patria) - The Central Bank of the United Arab Emirates expects a gross domestic product growth of 7.6 percent this year, which is more than a percentage point higher than the last estimate.
At the same time, the estimate for expected growth next year is being reduced, the state news agency WAM announced today. Real GDP is expected to grow by 3.9 percent in 2023, which is lower than the previous estimate.
The UAE Minister of Economy said earlier this month that GDP is expected to grow by 6.5 percent this year, and by more than 7 percent next year.
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