UAE In-Focus: Inflation to drop; economic outlook remains strong, says minister

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Mon, 2023-04-17 15:44

RIYADH: Inflation in the UAE is forecasted to fall to 3.2 percent by the end of 2023, down from 4.8 percent last year, on price stabilization and the receding impacts of imported inflation globally, according to the minister for financial affairs.  

Mohamed Hadi Al Hussaini said in a meeting held on the sidelines of the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund that the UAE’s economic forecasts remain positive, with a growth of 3.9 percent projected by the end of this year.  

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