UAE: GDP to grow by 6.4%
The GDP of the UAE is projected to grow by 6.4% by the end of the current year and by 5.2% in 2007, said Peter David, a chief economist at the Economist Intelligence Unit. He estimated the real growth rate of the UAE's GDP at 6.7% in 2005.
Meanwhile, the average rate of inflation in the UAE hit 6% in 2005, said David. According to him, the rate of inflation in the UAE is projected to reach 5.5% by the end of 2006.