The UAE has achieved the highest GDP growth during the crisis. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced on Twitter that the Center for Statistics has completed estimates of the UAE’s Gross Domestic Product (GDP) for 2021. According to the Center, the country grew by 3.8 per cent, the highest in 2019 and the highest in the region.

He said that despite the turbulent world, the UAE economy had recorded strong upward growth in 2021 and the UAE’s growth had not stopped and the economy was booming.

The UAE performed better than the World Bank’s 2.1 percent. Sheikh Mohammed tweeted: “The World Bank’s expectations are that our national economy will grow by 2.1 percent, that we’re growing by 3.8 percent in 2021, which is higher than the growth in 2019 and the highest in the region.” According to the latest report, the UAE central bank has forecast that the national economy will grow by 4.2 percent this year despite inflationary pressures.

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