Report Published: "United Arab Emirates Business Forecast Report Q4 2013"

From: Fast Market Research, Inc.
Published: Fri Aug 09 2013

Our baseline scenario sees relatively solid growth over the coming quarters, with real GDP forecast to expand 3.2% and 3.8% in 2013 and 2014 respectively.

The outlook for Dubai has become slightly more promising relative to that for Abu Dhabi, with the former benefitting from increased activity in the trade and tourism sectors, in addition to our expectation that the all-important real estate industry is now on the road to recovery. Credit growth to the private sector will remain anaemic through 2013 as commercial banks continue to increase provisioning against potential loan losses ahead of the 2014 'funding cliff'.

Full Report Details at

Major Forecast Changes

On the back of a stronger-than-expected recovery in Dubai's residential property sector, we have revised up our 2013 and 2014 average inflation forecasts, and now project the headline print coming in at 2.0% and 4.0% this year and next respectively.

Key Risks To Outlook

Any attack by Islamist militants would result in a fundamental reappraisal of both the UAE, and the wider region's, risk profile.

A further uptick in tensions between the West and Iran could result in a deterioration in the UAE's sovereign risk profile given the close proximity and deep trade ties between the two countries.

Downside risks to oil prices in 2013 are elevated, which could undermine the UAE's already fragile macroeconomic recovery.

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

You may also be interested in these related reports:

- United States Business Forecast Report Q4 2013
- United Kingdom Business Forecast Report Q4 2013
- United Arabs Emirates Wound Care Management Investment Opportunities, Analysis and Forecasts to 2018
- United Arab Emirates Cardiovascular Devices Investment Opportunities, Analysis and Forecasts to 2018
- United Arab Emirates Orthopedic Devices Market Investment Opportunities, Analysis and Forecasts to 2018

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email:
Contact Phone: 1-413-485-7001

Visit website »