UAE: Big plans, big threat
- The UAE is expecting an economic fillip from Dubai Expo 2020 as well as from growth-friendly reforms it has passed and government acceleration programmes it has launched, especially in Abu Dhabi.
- This is now being threatened by COVID-19 (coronavirus), which not only may deter people from large gatherings like Expo 2020 but is also hitting one of the UAE's leading trade partners, China.
- For now, forecasts for overall growth in the UAE will need to be revised, on the back of three lacklustre years and a potentially weak 2020.
Florence Eid-Oakden, Ph.D, Chief Economist
Charlene Rahall, Senior Analyst
Leila Lajevardi, Analyst
The Country Views series shines the spotlight on specific developments in MENA countries, analysing them from a local perspective to deliver forward looking views for businesses and investors.
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