ThelatestEmirates NDBPurchasingManagers Indexfigures tember, while growth in new orders declined to --.- from slowdownisinplace. UAE s model of government-driven development plans to broadly cushioned the impact of much lower oil prices. ...ThelatestEmirates NDBPurchasingManagers Indexfigures tember, while growth in new orders declined to --.- from slowdownisinplace. UAE s model of government-driven development plans to broadly cushioned the impact of much lower oil prices. In addition, bytheelevatedlevelsofforeignreserves. ...Private Consumption: Householdconsumptiongrowthwill bolstering the substantial retail sector. Loans to the private Group, while an average nominal pay rise of -.- throughout the - Business Monitor International Ltd www.bmiresearch.com
...Lower oil prices will hit growth as government spending and consumer confidence falls. We forecast real GDP growth at -.- and -.- in ---- and ---- from an estimated -.- in ---- We expect Dubai to outperform Abu Dhabi, with the former benefit- ting from increased activity in the trade and tourism sectors, as well as lower exposure to oil prices. ...Lower oil prices will hit growth as government spending and consumer confidence falls. We forecast real GDP growth at -.- and -.- in ---- and ---- from an estimated -.- in ---- We expect Dubai to outperform Abu Dhabi, with the former benefit- ting from increased activity in the trade and tourism sectors, as well as lower exposure to oil prices. Credit growth to the private sector will remain relatively slow through ---- as commercial banks continue to increase provisioning against potential loan losses due to the debt funding cliff. ...We forecast real GDP growth at -.- and -.- in ---- and ---- from an estimated -.- in ---- We expect Dubai to outperform Abu Dhabi, with the former benefit- ting from increased activity in the trade and tourism sectors, as well as lower exposure to oil prices. Credit growth to the private sector will remain relatively slow through ---- as commercial banks continue to increase provisioning against potential loan losses due to the debt funding cliff.
...
