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S&P: UAE economy's resilience boosts shock absorption
S&P Global Ratings has confirmed that the UAE's economy demonstrates strong resilience amid regional geopolitical challenges, thanks to its significant financial reserves and ambitious development plans. The agency forecasts that economic growth will increase to an average of 6% between 2027 and 2029, with a fiscal surplus of approximately 7% of GDP, while the country continues to implement an ambitious plan to boost oil production to 5 million barrels per day by 2027, following its exit from OPEC.
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