8 Hrs
Source:
Sky News
UAE Economy Poised for Growth by 2027
The UAE is expected to achieve exceptional economic growth in 2027, with real GDP growth likely to reach 9.5% according to the World Bank's forecasts, potentially rising to 10.4% according to the Central Bank. This growth is attributed to the strength of non-oil sectors such as finance, construction, and infrastructure, as well as a significant increase in oil production by approximately 26.8%, reaching 5 million barrels per day. Additionally, the UAE's focus on developing artificial intelligence and digital infrastructure enhances its transformative capabilities. Inflation is projected to decline to 1.8%, alongside improved living standards and increased domestic and foreign investments, ensuring sustainable growth and economic resilience despite global challenges.
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