European Parliament Library

United Arab Emirates :, Staff Report for the 2014 Article IV Consultation

Abstract
This 2014 Article IV Consultation highlights that the United Arab Emirates has continued to benefit from its perceived safe-haven status amid regional instability. The economic recovery has been solid, supported by the tourism and hospitality sectors, and a rebounding real estate sector. Although growth in oil production moderated, public projects in Abu Dhabi and buoyant growth in Dubai’s service sectors continued to underpin growth, which reached 5.2 percent in 2013. The macroeconomic outlook is positive. Economic growth is expected at 4.8 percent in 2014 and about 4.5 percent in coming years, supported by a number of mega projects announced and the successful bid for the World Expo 2020
Table Of Contents
Cover; CONTENTS; BACKGROUND; RECENT DEVELOPMENTS; OUTLOOK AND RISKS; POLICY DISCUSSIONS; A. Pursuing Prudent Macroeconomic Policies; B. Managing Risks in Real Estate, GREs, and the Financial System; C. Structural and Statistical Issues; STAFF APPRAISAL; BOXES; 1. Real Estate Market Developments; 2. Capital Inflows to the UAE; 3. Long-Term Fiscal Sustainability Analysis in UAE; 4. Public Spending Efficiency in UAE; 5. How Independent Are the Boards of Directors in UAE Banks?; FIGURES; 1. Real Sector Developments; 2. Fiscal Developments; 3. Monetary and Financial Developments
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (57 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781498336567

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