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

United Arab Emirates: 2024 Article IV Consultation-Press Release; and Staff Report
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Volume/Issue: Volume 2024 Issue 325
Publication date: November 2024
ISBN: 9798400293245
$20.00
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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.