with Real GDP Expected to Reach 3.9% According to World Bank

Dubai, 24 May 2024-As economies navigate the interplay between global policies and inflation rates, the slightest data supporting rate cuts is fostering euphoric sentiment across the markets. Inflation rates are gradually decreasing towards their targets, leading central banks to cautiously assess their suitable rate cut dates towards the year-end.

Unlike the United States of America, Dubai’s inflation rates ticked higher in April 2024, rising from 3.3% to 3.9%. Despite this increase, the UAE’s economic growth forecasts show resiliency for the remaining quarters of 2024, with a 3.9% real GDP expectation according to the World Bank.

Continue reading 2024 Q2 Outlook: UAE Market Shows Ongoing Resiliency →