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Merrill Lynch sees UAE economy growth stable next year
- United Arab Emirates: Wednesday, December 05 - 2012 at 03:56
Johannes Jooste, head of strategy and chief investment officer at Merrill Lynch Wealth Management has said the GDP growth of the UAE for next year is projected to hit 3.2%, citing a steadily recovering domestic economy and a better year for emerging markets, Gulf News has reported. "Locally, [there's] a fair amount of stability post the crisis," said Jooste. "Certainly my impression is that the property market is stabilising." He also cited tourism and trade sectors as positives for the local economy.
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