{"id":307506,"date":"2022-02-18T12:50:34","date_gmt":"2022-02-18T15:50:34","guid":{"rendered":"https:\/\/anba.com.br\/recuperacao-economica-ganha-forca-nos-emirados\/"},"modified":"2022-02-21T16:56:46","modified_gmt":"2022-02-21T19:56:46","slug":"economic-upturn-gains-strength-in-the-uae","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/economic-upturn-gains-strength-in-the-uae\/","title":{"rendered":"Economic upturn gains strength in the UAE"},"content":{"rendered":"<p>S\u00e3o Paulo \u2013 The upturn from the effects of the COVID-19 pandemic is strengthening in the <strong>United Arab Emirates<\/strong>, boosted by the country\u2019s prompt and early response in the areas of health and economics, according to a report released this Thursday (17) by the <strong>International Monetary Fund<\/strong> (IMF).<\/p>\n<p>The organization estimates the Gross Domestic Product (GDP) of the UAE has grown by 2.2% in 2021 and will advance, even more, 3.5%, in 2022. According to the IMF, the oil price was one of the factors that boosted last year\u2019s performance, with oil GDP advancing 3.2%.<\/p>\n<p>The fund also attributed the upturn to the government\u2019s continued economic support policies and the recovery in tourism and domestic activity related to the delay of Expo 2020 Dubai. The world exhibition was scheduled to occur in the country in 2020 and was postponed by one year, starting in October 2021.<\/p>\n<p>The IMF also highlighted the measures taken by the UAE to contain the pandemic. \u201cThe UAE moved quickly to address the health and economic effects of the pandemic,\u201d the report stated. The organization cited the adoption of tests and other measures to limit the spread of the virus and the high rate of local vaccination.<\/p>\n<p>\u201cFiscal and macro-financial support have provided relief to hard-hit sectors, SMEs, those in need, and the financial system,\u201d said the fund, detailing most measures were taken over the last year and a half, and some were extended.<\/p>\n<p>The IMF has projected favorable figures for the UAE\u2019s economy. The organization estimates the fiscal deficit stood at 0.7% of GDP in 2021 and will fall to 0.2% in 2022, and the country will achieve a small budgetary surplus by 2024. The IMF said this reflects revenue gains from high oil prices, higher economic growth, and modest tax reform efforts.<\/p>\n<p><strong>Translated by El\u00fasio Brasileiro<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-307502\">\u00a9Emin Sansar\/Anadolu Agency\/AFP<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The International Monetary Fund report estimates a 2.2% growth in the United Arab Emirates in 2021 and 3.5% in 2022. The organization defends prompt measures to contain the spread of COVID-19 and economic support leveraged the improvement.<\/p>\n","protected":false},"author":2316,"featured_media":307502,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[28573,28574,28582,28584,28583,28577,28580,28581,1988,5431,28579,8473,8476,12415,2650],"class_list":{"0":"post-307506","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-crescimento-emirados-en","9":"tag-economia-emirados-en","10":"tag-emirates-economy","11":"tag-emirates-gdp","12":"tag-emirates-imf","13":"tag-fmi-emirados-en","14":"tag-growth-emirates","15":"tag-growth-uae","16":"tag-imf","17":"tag-international-monetary-fund","18":"tag-pib-emirados-en","19":"tag-uae-economy","20":"tag-uae-gdp","21":"tag-uae-imf","22":"tag-united-arab-emirates"},"wps_subtitle":"The International Monetary Fund report estimates a 2.2% growth in the United Arab Emirates in 2021 and 3.5% in 2022. The organization defends prompt measures to contain the spread of COVID-19 and economic support leveraged the improvement.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/307506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=307506"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/307506\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/307502"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=307506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=307506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=307506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}