On june 18, 2019 in the pdf version of this report, the data for myanmar was. Bloombergs chief economist michael mcdonough will set out the likely path of u. The world economic outlook weo is a survey by the imf staff published twice a. Economic outlook for austria from 2014 to 2016 june 2014 pdf, 1. The international monetary fund expects the united arab emirates economic growth to nearly triple next year as the countrys largest sheikhdom, abu dhabi, benefits from an expected recovery. Add holidays or your own events, print using yearly, monthly, weekly and daily templates. World economic situation and prospects 2019 the united nations. The first day will feature presentations and discussions focused on the opportunities and challenges shaping dubai and abu dhabis economic prospects for 2017. The current account surplus is also projected to decline substantially, to. The economic outlook is expected to moderate amid lower oil prices. Launch of the oecd economic outlook, november 2016 oecd. Growth rates of transport and storage workforce, 20072016.
Growth was likely strong in the second quarter, as oil production expanded robustly in yearonyear termsdespite ongoing opec output cutswhich bodes well for the energy sector. The duration of the outbreak and its impact on global travel and trade present considerable downside risk to the outlook. United arab emirates economic outlook spring 2016 pubdocs. The economy of the united arab emirates or uae is the second largest in the middle east after saudi arabia, with a gross domestic product gdp of usd 414 billion aed 1.
A possible transfer of power in abu dhabi from the current ruler, who is in poor health, to the crown prince will go smoothly. In their latest research report, uae construction industry outlook 2016, rncos analysts identified the speedy economic developments that are driving construction activities and infrastructure. Risks around this forecast are broadly balanced in the near term, but are skewed to the downside over the medium term. World economic outlook international monetary fund. United arab emirates economic forecasts 20202022 outlook. The economy continues to experience a slowdown in economic growth. Output growth and inflation forecastsa per cent yearended jun 2016 dec 2016 jun 2017 dec 2017 jun 2018 dec 2018. Global growth consolidates but risks remain on balance, growth forecasts for 201718 are largely unchanged. Qatars economic outlook spring 2016 the latest mena economic monitor report spring 2016, expects qatar may sustain real gdp growth averaging 3. Although the economic outlook for this region is expected to improve, internal stability in mena countries will continue to face various challenges due to surprising developments. Palazzo versace, gala ballroom, dubai building on the 2016 outlook focus on the role of innovation in promoting competitiveness, uae. Stronger inflation outlook to add to private consumption softness we raise our 2017 inflation estimate to 2.
The liquefied natural gas lng export profile has been revised lower, reflecting more conservative assumptions table 6. Emirates palace, abu dhabi agenda day one tuesday, december 8th. African economic outlook 2016 african development bank. Cabo verde african economic outlook 2017 after experiencing low growth due to the impact of the european and global financial crises, the economy recovered in 2016 to 3. Uae joined china led asian infrastructure investment bank 6 global trade scenario 9 australia and gcc to sign free trade agreement 11 economy monitor 12 imf world economic outlook regional economic analysis 15 economic outlook for mena region 20 analysis decline in crude oil prices 23 quanititative easing by european central bank 29. This page has economic forecasts for the united arab emirates including a longterm outlook for the next decades, plus mediumterm expectations for the next four quarters and shortterm market predictions for the next release affecting the the united arab emirates economy. It also features the uae s strong capabilities in terms of readiness to cope with change. Positive outlook for uae economy in 2019 filed on january 5, 2019 the uaes real gross domestic product is expected to grow 3. The economy likely lost steam in the third quarter of fy 2020, which ran from january to march, as cases of coronavirus rose both domestically and abroad and the government imposed strict containment measures to control its spread such as nighttime curfews and the closure of airports. Imf forecasts faster uae growth driven by expo 2020. As low oil prices have persisted, the economy has slowed further, with growth projected at 2. Innovation and entrepreneurship for sustainable growth and diversification date. Outlook for uae economic growth improves, poll says the.
Download a free pdf of the report and data sets for each of the. Uae construction industry outlook 2016 pr newswire. Outlook for uae economic growth improves, poll says. The ministry of economy is pleased to launch its comprehensive annual economic report 2016, which contains the latest regional and global economic figures and statistics. Use our economic calendar to explore key global events on the horizon that could subtly shift or substantially shake up the financial markets. Moodys affirmed its a3 longterm credit rating for the emirate of sharjah with a stable outlook in december 2016. Global economic prospects january 2016 chapter 1 3 summary and key messages a further deceleration of activity in key emerging and developing economies overshadowed a modest recovery in major highincome countries in 2015. It will take you to the printing page, where you can take the printout by clicking on the browser print button. African economic outlook 2016 algeria angola benin botswana burkina faso burundi cabo verde cameroon central african republic chad comoros congo congo, dem. United arab emirates economic growth economic growth is expected to decelerate this year on a weaker oil sector, while the nonoil sector is also expected to contract. Launch of the oecd economic outlook, june 2016 oecd. Announces an expansionary budget for 2016 planned government spending increases by 12% dubai has announced an expansionary budget for 2016, with planned government spending at aed46. Economic research uae economic update 28 december 2015 please refer to the disclaimer at the end of this report.
Data refer to calendar years, except in the case of a few countries that use fiscal. Uae economic outlook aims at highlighting the economic forecast reports which observe the economic development outlook in the uae in general, and abu dhabi and dubai in particular. European union and 8% from the united arab emirates uae. Economy profile of united arab emirates doing business 2020 indicators in order of appearance in the document starting a business procedures, time, cost and paidin minimum capital to start a limited liability company. Dec 04, 2016 economic research uae economic update 4 december 2016 please refer to the disclaimer at the end of this report. Egypt economy gdp, inflation, cpi and interest rate. Imf, world economic outlook update, july 2016 note.
To discuss the implications of recent global and regional economic developments and prospects for the uae economy, and identify emerging challenges as well. United states november 2018 calendar with american holidays. Dec 28, 2015 economic research uae economic update 28 december 2015 please refer to the disclaimer at the end of this report. Learn how the world bank group is helping countries with covid19 coronavirus. World growth is still stumbling along at around 3%, trade growth is slower still, and inflation remains below target in most oecd economies, despite. There is a slight positive bias for the eurozone and especially china, where we expect 6. Drop in oil prices and its impact on the gcc rhc market.
In our online calendar section, monthly calendar and yearly calendar can be generated with some very useful options. The world economic outlook weo is a survey by the imf staff. According to the world bank, growth in mena is projected to increase from 2. Macroeconomic overview the united arab emirates gdp increased by 0. Moody s maintains stable outlook on uaes banking system on economic resilience, solid bank financial fundamentals. The economy continues to experience a slowdown in economic growth as a result of low oil prices. Economic indicators for the united arab emirates including actual values, historical data charts, an economic calendar, timeseries statistics, business news, long term forecasts and shortterm predictions for the united arab emirates economy. The latest mena economic monitor report spring 2016, expects the uaes growth to recover slowly, averaging 2. To print the calendar click on printable format link. Printable calendar 2016 for united arab emirates pdf. Major factors expected to shape economic trends in mena in 2018 can be outlined as follows. Check layout of the page before printing, by clicking on the menu file.
Create printable calendar pdf create a calendar and print on a printer or send via email. The uae will remain politically stable in 202024 despite rising regional tensions centred on iran. But the prospects for economic growth in 2018 and 2019 are expected to improve, supported by global trade, increasingly stable commodity markets alongside economic reforms in some regional countries. United arab emirates global economic prospects examines trends for the world economy and how they affect developing countries. Real effective exchange rates are assumed to remain constant at the levels prevailing during june 24june 28, 2016. Uae and some of the worlds economic giants such as the united states, the uk, the european union, china, japan and other asian countries which are experienced in terms of readiness in managing risks and global economic shifts in the future. Economies are listed on the basis of economic size. Real gdp growth will pickup in 2020 with the hosting of expo 2020, and higher oil prices. Free pdf calendar 2020 is the well formatted monthly calendar templates to print and download. United arab emirates time to worldwide time conversions. The aggregated quarterly data are seasonally adjusted. Nonoil growth could exceed 1 percent in 2019 and pick up to around 3 percent next year, the fastest since 2016, on the back of expo 2020 and fiscal stimulus.
November 2018 calendar united states time and date. Lower oil prices hit uae and saudi arabia economies, latest pmi survey shows. The emirates economy has slowed down however, and sharjahs debt burden and debt affordability are still low, according to moodys. Inflation in sharjah has fallen steeply since the beginning of. In the context of the 2015 article iv consultation with. You can add 2020 2021 holidays of any country and the week number to your calendar while generating it. Trade, economy and investment monitor report foreign trade. Building on the 2016 outlook focus on the role of innovation in promoting competitiveness, uae outlook 2017 will address how innovation and entrepreneurship drive growth and diversification. Monthly calendar for the month november in year 2018.
The more positive global growth environment should support somewhat stronger oil demand. Background data is also presented on dubais trading relationships with regional gcc partners as well as major players such as china, the us, russia and india. Data refer to calendar years, except in the case of a few countries that. Despite significant reforms, the fiscal deficit has widened and external bal ances deteriorated. World economic situation and prospects 2018 the united nations. Banks incorporated in abu dhabi and dubai hold the lions share of total domestic assets. Table 2 united arab emirates macro poverty outlook indicators annual percent change unless indicated otherwise 2015 2016 2017 e 2018 f 2019 f 2020 f real gdp growth, at constant market prices 3. United states economic outlook 2nd quarter 2017 4 2. United arab emirates economic outlook spring 2016 the latest mena economic monitor report spring 2016, expects the uaes growth to recover slowly, averaging 2. The outlook for the level of resource exports is lower than previously expected. According to the economic report 2018 released by the uaes ministry of economy, the estimated gdp for 2017 rose by 0. Lower oil prices hit uae and saudi arabia economies. Economic research uae economic update 4 december 2016 please refer to the disclaimer at the end of this report.
United arab emirates, government of credit rating moodys. Over the course of 2018, the central bank of the uaes overall augmented economic. Sharjahs economic outlook, united arab emirates, snapshot. Onehundred percent foreign ownership of companies is now allowed. This calendar provides events for 196 countries including data releases for 300. Uae economic outlook 2015 towards a knowledge based economy. In view of the ambitious outlook of the economy and.
Apart from that, you have the option to choose your week starts from sunday or monday. The latest mena economic monitor report spring 2016, expects the uae s growth to recover slowly, averaging 2. Emirates nbd research provides detailed coverage of 16 gcc and mena economies, analysing them from a top down macro and strategic perspective as well as by a. Table 2 united arab emirates macro poverty outlook indicators annual percent change unless indicated otherwise.
Uae economic outlook 2017 getting a head start on tomorrow. Positive outlook for uae economy in 2019 news khaleej. Sharjahs fiscal deficits are forecast to reach 14% of gdp by the end of 2016. Emirates palace, abu dhabi agenda day one tuesday, december 8th 09. The report includes countryspecific threeyear forecasts for major macroeconomic indicators, including commodity and financial markets. To discuss the implications of global and regional economic trends and prospects for the uae economy. These quickresponse articles analyse key events in terms of how we expect them to affect our political and economic forecast, and are closely tied to. Make free printable calendars in pdf format for 2020, 2021 and more. In its regional economic outlook, the imf projected gcc economic growth at just 0. Paris, 1 june 2016 as prepared for delivery ministers, ambassadors, ladies and gentlemen, lets now move to the next session of our joint oecd forum and ministerial council meeting. United arab recent developments emirates monetary policy.1594 996 899 1159 924 225 1541 30 726 834 693 270 890 1473 13 522 725 127 390 877 866 1327 1288 1381 599 821 1303 768 1021 998 1354 908 270 1229 241 1008 1031 287 706 41 174 529 885 1171 777 358