United Arab Emirates Business Forecast Report Q3 2013 - New Market Report

From: Fast Market Research, Inc.
Published: Mon Jun 10 2013


Our baseline scenario sees relatively solid growth over the coming quarters, with real GDP forecast to expand 3.3% and 3.8% in 2013 and 2014, respectively.

The outlook for Dubai has become slightly more promising relative to that for Abu Dhabi, with the former benefitting from increased activity in the trade and tourism sectors, in addition to the beginnings of a recovery in the all-important real estate industry.

Credit growth to the private sector will remain anaemic through 2013 as commercial banks continue to increase provisioning against potential loan losses ahead of the 2014 'funding cliff'.

Major Forecast Changes

On the back of a stronger-than-expected recovery in Dubai's residential property sector, we have revised up our 2013 and 2014 average inflation forecasts, and now project the headline print coming in at 2.0% and 4.0% this year and next, respectively.

Full Report Details at
- http://www.fastmr.com/prod/596742_united_arab_emirates_business_forecast_report_q3.aspx?afid=303

Key Risks To Outlook

Any attack by Islamist militants would result in a fundamental reappraisal of both the UAE, and the wider region's, risk profile.

A further uptick in tensions between the West and Iran could result in a deterioration in the UAE's sovereign risk profile given the close proximity and deep trade ties between the two countries.

With global growth slowing, downside risks to oil prices in 2013 are elevated, which could undermine the UAE's already fragile macroeconomic recovery.

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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