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Abu Dhabi records fastest economic growth in seven years in 2011

  • United Arab Emirates: Tuesday, October 16 - 2012 at 02:09

The Statistics Centre Abu Dhabi (SCAD) has said the emirate's economy grew 6.8% in inflation-adjusted terms in 2011, the fastest rate since 2004 and more than double the pace of the previous year, thanks to stronger activity in both oil and non-oil sectors, Reuters has reported. "Growth in GDP at constant prices during 2011 surpassed all the forecasts and estimates made by local and international parties," the SCAD said.

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