UAE GDP growth seen at 3 to 3.5pc
Dubai, May 10, 2011
The United Arab Emirates' gross domestic product is expected to grow between 3 and 3.5 per cent in 2011, the country's economy minister said on Tuesday.
'We are expecting for this year the GDP of the UAE to range between 3 and 3.5 per cent,' Sultan bin Saeed Al-Mansouri told reporters on the sidelines of an investment event.
'Inflation will be under control. So far we predict it will be hovering between 1 to 1.5 per cent,' he also said. 'But I am not worried about it.'
Analysts polled by Reuters in March said they forecast the economy of the world's third-largest oil exporter to expand by 3.4 per cent this year and annual inflation to be 2.5 per cent. - Reuters