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Central Bank of UAE is the cause of the determent in the Growth, but there’s more

Published On 07 Jun 2019 05:57 AM


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Last week the Central Bank of the UAE surprised economics analysts with a big downgrade of its forecasts for growth in gross domestic product (GDP) for the current year. Just three months ago, the bank — the main instrument of monetary and fiscal policy in the Emirates as well as its most authoritative economic statistician — laid out a bullish projection for the national economy in 2019. The bank’s annual report added some flesh to the n....


Tags : Dubai, UAE, Abu Dhabi, Central Bank of UAE, Emirates, Central Bank, IMF, Manufacturing,
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