United Arab Emirates, Ukraine, Uruguay and Venezuela Country Risk Report Q3 2016; New Report Launched
Lower oil prices will hit growth as government spending and consumer confidence falls. We forecast real GDP growth at 2.4% and 2.6% in 2016 and 2017 from an estimated 4.0% in 2015 Dubai will see an even sharper slowdown as discretionary spending from the rest of the Gulf, as well as the impact of weaker currencies in China and India, takes its toll on investment ad spending.
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