{"id":49437,"date":"2014-11-05T17:45:00","date_gmt":"2014-11-05T19:45:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/imf-emirates-to-grow-in-2014\/"},"modified":"2019-06-30T13:03:50","modified_gmt":"2019-06-30T16:03:50","slug":"imf-emirates-to-grow-in-2014","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/imf-emirates-to-grow-in-2014\/","title":{"rendered":"IMF: Emirates to grow in 2014"},"content":{"rendered":"<p>S&atilde;o Paulo &ndash; The International Monetary Fund (IMF) has issued a press release this Wednesday (5th)&nbsp;on its latest review of the United Arab Emirates&rsquo; economy. According to the Fund, the Gulf country should grow by 4.25% this year, mostly due to non-oil sector growth estimated at 5.5% by the end of 2014.<\/p>\n<p>The IMF&rsquo;s technicians convened with local authorities between October 28th and this Wednesday. According to the Fund, the 20% decline in oil price over the past three months may impact oil industry revenues. However, the country is capable of withstanding this decline, since it can rely on sovereign wealth funds and has a lower fiscal breakeven oil price than other oil producing countries.<\/p>\n<p>According to the Fund, real estate prices in Dubai have levelled out and sales have slowed down, a good sign following a surge in prices. The press release also motes that some of the private and state-owned companies restructured in the wake of the 2008 crisis are beginning to repay their debt. In other cases, even though indebtedness remains high, there are both cash and time available for debts to be settled.<\/p>\n<p>The Fund warns, however, that state-owned companies announcing major hospitality and real estate projects must be watched closely, to make sure their plans are implemented &ldquo;in line with reasonable demand projections.&rdquo;<\/p>\n<p><strong>*Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the Fund, the country is capable of withstanding plummeting oil prices. Real estate prices are beginning to level out following a surge.<\/p>\n","protected":false},"author":2316,"featured_media":0,"comment_status":"closed","ping_status":"open","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":[],"class_list":{"0":"post-49437","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"According to the Fund, the country is capable of withstanding plummeting oil prices. Real estate prices are beginning to level out following a surge.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/49437","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=49437"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/49437\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=49437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=49437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=49437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}