Commodity market report

Can oil riches sustain economic growth?: United Arab Emirates economic outlook H2 2016

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Report summary

Fiscal pressure will increase in 2016 as the government's fiscal deficit deteriorates due to falling oil revenues. However with vast holdings of reserve assets and good access to international financial markets the government will have no trouble financing the deficit in the short term. Sustaining longer term growth will be more of challenge given that oil production will peak next decade andlabour growth will slow dramatically. Can the UAE utilise vast oil wealth to diversify the economy?

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  • Document

    Country economic data United Arab Emirates Q3 2016.xls

    XLS 138.00 KB

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    UAE economic outlook.pdf

    PDF 1.07 MB

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