New Market Study Published: United Arab Emirates Freight Transport Report Q3 2012
We recently revised up our forecasts for 2012 UAE real GDP growth, and are now projecting the economy to expand 3.5% this year, up from last quarter's forecast of 3.0%. This follows an estimated 3.3% rate of expansion posted in 2011. Broadly speaking, the same problems that have been weighing on the economy since 2009 look set to continue over the coming quarters, with weakness in the domestic real estate market, anaemic credit growth and ongoing deleveraging in the private...
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