Panorama United Arab Emirates
How wealthy is the UAE economy after the debt crisis? Figures indicate that after contracting around 5 percent in 2009, the UAE economy recorded gradually solid growth rates. The economy is expected to grow by 5 percent in 2014, after expanding around 5.2 percent in 2013.
However the growth in the Emirates remains dependent on hydrocarbon revenues, mainly those of Abu Dhabi, despite an active policy of economic diversification. This leaves the country vulnerable to the changes in global economic trend as the latter has an impact on the production and prices of hydrocarbon products.
Contact
Annie Lorenzana
COMMUNICATIONS MANAGER
North America
MOB: +1 (407) 221-3496
Annie.Lorenzana@coface.com
