UAE 🇦🇪 ECONOMY TO SOAR WITH 6.7% GDP GROWTH BY 2025.
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The UAE is poised for robust economic expansion in 2025 according to new projections from global research firm BMI. While the outlook also points to potential challenges on the horizon for oil markets, the nation remains well positioned thanks to successful diversification strategies. BMI forecasts the UAE's real GDP will jump to an impressive 6.7% growth in 2025, up significantly from an estimated 3.8% rise this year. This stellar performance would place the UAE among the fastest growing economies in the region. John Ashbourne, BMI's Global Economist for Emerging Markets, stated the firm is "quite optimistic" about the UAE's prospects. He attributed the projected surge in growth to the country's efforts to diversify beyond oil through sectors like tourism and trade. The UAE boasts a large thriving tourism industry as well as robust trade ties with neighboring countries like Iran, which Ashbourne cited as major contributors supporting strong expansion. The p...