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UAE achieves 3.8% GDP growth in 2021, highest in the region: Sheikh Mohammed

Posted by admin on April 8, 2022

The World Bank had forecast a growth of two.1% for the country’s economy

Despite ‘a turbulent dynamical world’, the UAE’s economy recorded robust upward growth in 2021.

On weekday, His Highness swayer Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and Ruler of city, aforesaid the UAE has not stopped moving forward, and therefore the economy is on the increase.

Taking to Twitter, swayer Mohammed said: “In a turbulent dynamical world, the UAE has not stopped moving steady forward, our economy is on the increase.”

In a series of tweets, swayer Mohammed aforesaid that the Statistics Centre had finished calculative the gross domestic product (GDP) of the UAE for 2021.

According to the Centre, the country has achieved three.8 per cent growth, that was over in 2019 and therefore the highest within the region.

The Emirates performed higher than the planet Bank’s indication of two.1 per cent.

Sheikh Mohammed tweeted: “The expectations of the planet Bank indicated a growth of two.1 per cent for our economic system, and that we achieved three.8 per cent growth in 2021 — over the expansion of 2019 and therefore the highest growth within the region.”

In a latest report, the financial institution of the UAE aforesaid economic system can grow at four.2 per cent this year despite inflationary pressure. It estimates that real value grew by two.3 per cent last year compared to associate degree earlier forecast of two.1 per cent.

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