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United Arab Emirates

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by International Monetary Fund. Midd Dept.
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United Arab Emirates by International Monetary Fund. Midd Dept.

This 2016 Article IV Consultation highlights that non-oil economic activity in the United Arab Emirates slowed to 3.7 percent in 2015. Negative effects on overall growth were partially offset by the increase in oil production. Despite the strong fiscal policy response to adjust to lower oil prices, the fiscal balance turned to a deficit of 2.1 percent of GDP, while the current account surplus declined to 3.3 percent of GDP. Banks remained well capitalized and liquid, though pressures on profitability are emerging as asset quality weakens owing to the economic slowdown and rising funding costs. Economic activity is expected to moderate further in 2016, before improving over the medium term.

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Ebook Details
Pages: 72
Size: 9.6 MB
Publisher: INTERNATIONAL MONETARY FUND
Date published:   2016
ISBN: 9781498389556 (DRM-EPUB)

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This product is listed in the following categories:

Nonfiction > Business & Economics > Money & Monetary Policy
Nonfiction > Political Science > Public Policy > Economic Policy
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12/08/2016
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