A staff team from the International Monetary Fund (IMF), led by Mr. Ali Al-Eyd, held discussions with the UAE authorities for the 2022 Article IV Consultation from November 2 - 17, 2022. At the conclusion of the mission, Mr. Al-Eyd issued the following statement: “Economic growth has been robust this year, led by a strong rebound in tourism, construction, and activity related to the Dubai World Expo, as well as higher oil production in line with the OPEC+ production agreements. Overall, GDP growth is projected to reach above 6 percent in 2022, improving from 3.8 percent in 2021. Inflation has risen with global trends ... (full story)