The UAE will need wider diversification of its economy and further liberalization to sustain and take full advantage of the current high liquidity-driven economic boom in the country, said a leading economist. Speaking to Khaleej Times in Dubai, Dr. Gerard Lyons, said liquidity is inclined to remain high throughout the region during the current year. However he voiced concern over the growing asset prices.
He mentioned that the UAE financial markets have gone through a period of correction recently and real estate sector is also expected witness some kind of price rationalization in the near future.
