The International Monetary Fund releases GDP growth expectations for the United Arab Emirates

On April 12th, the Gulf Daily reported that the International Monetary Fund (IMF) expects the GDP growth rate of the Emiratos Árabes Unidos to be 3.5% in 2023 and 3.9% in 2024. According to a report released by the IMF, the inflation rate in the United Arab Emirates is expected to drop to 3.4% in 2023 and 2% by 2024. The IMF also predicted that the current account surplus of the United Arab Emirates would improve, with the balance accounting for 7.1% of GDP in 2023 and 7% in 2024.