UAE's GDP grew 7.6pc in 2022, official says
Business
A slowdown is forecast this year with a more uncertain oil price outlook
ABU DHABI (Reuters) - The United Arab Emirates’ economy expanded 7.6% last year, a senior official said on Thursday, about double the rise in gross domestic product (GDP) recorded in 2021 as the Gulf state rebounded sharply from the Covid-19 pandemic.
While higher energy prices supported economic growth across the Gulf region’s oil exporters last year, a slowdown is forecast this year with a more uncertain oil price outlook and a challenging global macroeconomic environment.
