March 27, 2019 / 6:40 AM / 4 months ago

Dubai economy grew 1.94 percent in 2018 - government says

DUBAI, March 27 (Reuters) - Dubai’s economy grew 1.94 percent in 2018, the government said on Wednesday, a slowdown from a growth rate of 2.8 percent in 2017.

GDP growth was largely driven by the performance of trade related activities, which grew by 1.3 percent in 2018 from a year earlier, representing 18.1 percent of the total growth achieved last year, the government said in a statement. (Reporting by Saeed Azhar; Editing by Davide Barbuscia)

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