UAE GDP to grow 5.3% in 2024: S&P
- 2024-02-08 11:14:00
UAE real GDP will grow by 5.3 per cent in 2024, compared to 3.4 per cent in 2023, according to credit rating agency S&P Global Ratings.
In a new report, the credit rating agency said that UAE banks reported exceptional profits for the full year 2023 due to lower provisioning requirements and higher interest margins, in addition to improved liquidity levels as deposit growth outpaced new loan growth.
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