Dubai’s economy slowed in 2018 and the activity data for this year suggest that growth has stayed weak. The 2020 World Expo will provide a fillip to the economy, but a number of other factors mean that GDP will grow at rates of 1-2% over 2019-21, well below the average of 3.5% recorded since 2010. Things could get worse if upcoming large corporate debt repayments struggle to be met.
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