IMF says UAE economy strong, inflation rising, Dubai debts now $142bn

The Article IV consultation staff report on the UAE published on 3 July 2014 says the UAE economy is robust, its surpluses will continue but inflation could hit 5 per cent by the end of the decade.

Dubai’s government debts are reported at 56 per cent of the emirate’s GDP and total Dubai debts are now $142bn.

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