UAE Central Bank Raises 2027 Growth Forecast to 10.4%

The UAE central bank has raised its forecast for the country’s real gross domestic product growth in 2027 to 10.4 percent, citing an expected increase in oil production and sustained strength in non-oil sectors.

The revised projection is up from an earlier estimate of 9.8 percent, marking a more optimistic assessment of the economy’s growth outlook.

Higher oil output is expected to help drive the expansion, making production levels an important factor behind the upgraded forecast.

The central bank also expects strong momentum in non-oil sectors to continue, supporting growth alongside the anticipated rise in oil production.