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The UAE economy is in good health and will continue to pick up momentum heading into next year, helped by Expo 2020 and UAE government policies, according to the International Monetary Fund

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A report issued on Wednesday following a visit to the country predicted non-oil growth would exceed 1 per cent in 2019, and rise to 3 per cent in 2020 – the fastest since 2016. It said the UAE GDP would grow by 2.5 per cent in 2020.

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The report concluded that the economy was “likely to pick up more momentum next year, helped by Expo 2020 and existing fiscal stimulus.”