Inflation is the main concern for the UAE
Inflation is the main concern for the UAE, as the economy continues to grow strongly, according to a recent report. While investments will drive growth and diversification, the IMF has indicated that inflation is a major area of concern, given the limited monetary tools available to the Central Bank.
According to IMF data, nominal GDP growth went up by 28.4% to USD 133.8 bn in 2005 and real GDP growth stood at 12%. The IMF revised its real GDP growth forecast for 2006 to 10.5% in 2006, up from 7%.