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UAE economy to rise 3.2% in 2010, says Al Mansouri

30 May 2010

The UAE economy is expected to more than double in 2010, compared to last year, while inflation will fall to 1.1 per cent, UAE Minister of Economy Sultan bin Saeed Al Mansouri said. The country's economy is expected to accelerate to 3.2%, compared to 1.3% it achieved in a difficult 2009, the minister told reporters while unveiling the UAE economic report of 2009 on Saturday. "We have heard different numbers (2009 GDP growth)," Mansouri said. "The good news is that it was a positive 1.3% and we expect GDP growth for 2010 to be around 3%."

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