The United Arab Emirates has been enjoying for the past 2 years a diversification of its economy, making it that much less vulnerable to oil prices shocks, but still not immune. Therefore, the government opted for a fiscal consolidation, despite the implication of a slower pace of private consumption. Yet, even though the country definitely strikes as a very attractive spot for investors, some issues remain. Whether it be the downgrade of the automotive, textile, retail and agrofood sectors, or the pressure in the tourism sector, some challenges are still in need for a solution. Read this article to find out more details about the economy of the UAE.
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