Economists Expect the UAE and KSA to Fare better than the Broader MENA Region during Challenging Times Ahead

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Although the economies of United Arab Emirates (UAE) and Kingdom of Saudi Arabia (KSA) have slowed-down in response to the ongoing macroeconomic challenges, financial experts forecast positive economic growth for these two countries to be above most other nations in the broader Middle East and North Africa (Mena).

Economists anticipate Oil-producing GCC economies to perform better compared to the broader MENA region.

Citing Simon Ballard, Chief Economist at First Abu Dhabi Bank; “The trajectory of economic performance in the UAE will be of a very shallow 'U' curve. It will not be an 'L' and the sharp 'V" shape may not be on the cards”.

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