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Email this article: UAE swings into US$11 billion fiscal surplus in 2011, says IMF
Posted: Sun June 10, 2012 10:03 pm
UAE. The United Arab Emirates' public finances swung into a surplus of 2.9% of economic output in 2011 after two years of deficits as robust oil income offset an increase in government spending, a report by the International Monetary Fund showed.
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UAE. "Prospects for economic growth in the Gulf region remain healthy for the next few years. We expect most Gulf banks to continue to benefit from robust corporate activity and consumer consumption over the next 18-24 months."
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