Publication Date:
Tue, 2011-03-08 18:58
The International Monetary Fund made the assessment late on Monday following consultations in the UAE.
It says the economy faces potential challenges from tougher assessments of political and sovereign risks stemming from ongoing uprisings in the region, as well as a glut of empty Dubai property that is dragging on growth.
The IMF praised the UAE’s plans to upgrade infrastructure in poorer parts of the country, and urged it to consider other measures to help lower-income households and extend job-creation efforts.
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