Real growth of UAE economy is negative?
I doubt it. But that's what you would conclude from two recent stories in Gulf News.
1. Nominal UAE GDP rises 23%
2. Country's cost of living shooting up by a staggering 28 per cent in 2006
1. Nominal UAE GDP rises 23%
2. Country's cost of living shooting up by a staggering 28 per cent in 2006
Labels: inflation, oil prices
posted by John B. Chilton at 2/20/2007 11:25:00 AM
2 Comments:
Indeed! Depends on what figures you believe for UAE inflation. Global Investment House produced a lengthy report estimating UAE's Real GDP growth at 9.7%. Probably a reasonable estimate.
I forgot to say, that was GDP growth for 2006.
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