December 25, 2019 / 12:26 PM / a month ago

UAE central bank expects 2% GDP growth in last quarter of 2019

DUBAI, Dec 25 (Reuters) - The United Arab Emirates’ central bank said on Wednesday it expected gross domestic product to increase by 2% in the fourth quarter over the same period last year, the state news agency WAM reported.

The figure is a sign of “the big improvement” in the Gulf nation’s economy, WAM said. (Reporting by Dahlia Nehme; Editing by Gareth Jones)

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