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Dubai economy 
records steady growth: report

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Dubai economy 
records steady growth: report

Dubai’s economy has recorded steady growth over the past two years with an increase in the GDP growth rate from 2.8 per cent in 2010 to 3.4 per cent in 2011 versus a contraction of 2.4 per cent in 2009, says an economic report.

Published: Thu 27 Dec 2012, 9:34 AM

Updated: Tue 7 Apr 2015, 2:36 PM

  • By
  • (Wam)

This rebound in growth was due largely to fiscal and monetary stimulus packages undertaken by the UAE federal authorities as well as the Government of Dubai.

Moreover, the resilience of Dubai’s major trade partners, especially India and China, has also contributed to this positive development as shown in a report issued by the Dubai Economic Council, entitled “Dubai Economy 2012”.



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