Central Bank of UAE is the cause of the determent in the Growth, but there’s more

Last week the Central Bank of the UAE surprised economics analysts with a big downgrade of its forecasts for growth in gross domestic product (GDP) for the current year. Just three months ago, the bank — the main instrument of monetary and fiscal policy in the Emirates as well as its most authoritative economic statistician — laid out a bullish projection for the national economy in 2019. The bank’s annual report added some flesh to the n....