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IMF raises forecast for UAE growth in 2010
- United Arab Emirates: Monday, November 02 - 2009 at 10:34
The International Monetary Fund has revised its economic forecast for the UAE and now predicts that the economy will grow next year by 3%. The Washington-based body said the prudent fiscal and monetary policies of the government had helped the nation overcome the impact of the global financial crisis, the UAE Ministry of Finance said in a statement. The IMF had previously projected that the UAE's economy would expand in 2010 by 2.4%.
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