Tuesday, February 20, 2007

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

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2 Comments:

Blogger sharewadi said...

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.

11:36 AM  
Blogger sharewadi said...

I forgot to say, that was GDP growth for 2006.

11:37 AM  

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