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Abu Dhabi economy grew 5.2% in 2013

According to figures from Abu Dhabi’s Statistics Centre Abu Dhabi (SCAD), the emirate’s economy expanded an inflation-adjusted 5.2% in 2013, a much slower rate than the government had previously estimated but still higher than 4.8% in the previous, Reuters has reported. This was much lower than an estimate in February by the emirate’s Department of Economic Development, which said real GDP grew 7.4% last year, compared with 5.6% in 2012. The contribution of the hydrocarbon sector to Abu Dhabi’s GDP edged down to 51.4% in 2013 from 52.4% in the previous year, SCAD said.