United Arab Emirates: 2024 Article IV Consultation-Press Release; and Staff Report

Author: International Monetary Fund. Middle East and Central Asia Dept.

Volume/Issue: Volume 2024 Issue 325

Publication date: December 2024

ISBN: 9798400293245

$20.00

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Topics covered in this book

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Finance , Economics- Macroeconomics , Public Finance , government bond bond market , article IV consultation discussion , World bank relations , transparency policy , fund holdings of currency , Financial sector stability , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Financial statements , Global

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Summary

Economic growth remains strong, driven by robust domestic activity. Inflation has moderated sharply with lower tradables prices. Relatively high oil prices support high fiscal and external balances and significant sovereign buffers. Banks have ample capital and liquidity buffers overall, and real estate activity remains buoyant. Substantial reform- and climate-related initiatives and investment spending continue.