UAE is one of the world’s fastest growing economies

The UAE’s real GDP growth accelerated during 2022 due to a robust recovery in non-oil GDP and a sizable expansion of oil GDP, according to the Financial Stability Report for 2022 released by the Central Bank of the UAE.

The report noted that this comes at a time when the global economy experienced a slowdown in 2022, with external risks remaining elevated in an environment characterised by higher inflation, tightening financial conditions and continued geopolitical tensions.

Read the original article in Arabian Business: UAE one of world’s fastest growing economies in 2022: Central Bank