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Article: UAE Set for Rebound in 2010: IMF.
- Article from:
- Khaleej Times (Dubai, United Arab Emirates)
- Article date:
- October 3, 2009
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Summary: DUBAI u The UAE economy is set for a rebound in 2010 after a less-than-expected contraction, its first in 15 years in 2009, a report released on Thursday by the International Monetary C Fund said.
The UAEAEs gross domestic product, or GDP u the market value of all final goods and services made within a country in a yearu is expected to grow 2.4 per cent next year after a negative 0.2 per cent growth in 2009, the IMF said in its latest World Economic C Outlook report. AaAa
The revised forecast for the UAE economy, the second-largest in the GCC after Saudi Arabia, is better than a more dismal 0.6 per cent contraction predicted for the year by the ...