UAE’s economic growth to peak next year

ABU DHABI: The UAE’s main economic indicators will achieve their highest growth rates in a decade during 2022 with the support of Expo 2020, Arab News quoted Egypt-based investment bank Beltone, as predicting.

It predicts growth in private spending, non-oil GDP, tax and tourism revenues, with additional expenditure on consumer goods and services during the Expo months, Asharq News reported.

Beltone expects that the total number of visitors to the UAE from around the world will reach 10 million in the period from October 2021 until the end of March 2022. However, this is less than the pre-pandemic target of 18 million visitors.