UAE’s GDP increases 3.3 percent in 2011

Increase FontSizeDecrease FontSize
19-Feb-2012

According to the Economist Intelligence Unit (EIU), UAE’s economy has recorded a notable recovery in 2011 growing by around 3.3 percent, from 1.4 percent in 2010. EIU added that due to the slowdown in government spending that originated in the second quarter of the year and was implemented throughout the rest of 2011, growth was revised down to 3.3 percent. It also said that as a result of a surge in oil production, gross domestic product (GDP) in 2012 would be expected to grow by 3.5 percent. It is worth noting that UAE’s GDP recovered by 1.4 percent from around $262.24 billion in 2009 to around $266 billion in 2010, according to government data.

 

Post a comment

 

Celebrity News

Celebrities dazzle in Avakian jewellery at the 22nd AmfAR Cinema against AIDS Gala

Celebrities dazzle in De GRISOGONO jewellery at De GRISOGONO’s ‘Devine’ Cannes Party

Celebrities dazzle in Carrera y Carrera jewelry at the 2015 MET Gala

Calendar of Events

Exhibition & Events

F.P.Journe auction took place at the Charity Gala organized for the 15th Anniversary

Christie’s Geneva May watch auction result

GJEPC collaborates with Vicenzaoro Dubai

Our Group Websites

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player