Dubai

In: Business and Management

Submitted By mahmoudajeeb
Words 1155
Pages 5
Summarize the articles with your own words.
The growth of the UAE economy this year is expected to recover relatively to the previous year. The reason for this decline is the implementation of a fiscal policy made by the United Arab Emirates. According to a stamen from the fund. "The economic recovery looks set to continue. With limited potential for further increases in oil production in the near term, overall GDP growth is expected to moderate to 2.3 percent,"
The UAE oil robust prices, and the well flow trade had a great impact in helping the country recover from the 2009-2010 debt crisis. Which bare dissipations in its property sector and led to a $25 billion debt.
However, a warning of IMF stated that uncertain global renewed worsening of the global situation could lead government-linked companies to bankrupt.
Extensive development had been made in the debt reform of state-linked entities; however, many entities still continued reliance on foreign funding. Thus, UAE authorities' plans to gradually consolidate fiscal policy. (Reuters, 2012)

Which stage in the business cycle do you think the economy is in?
Currently the economy is in the Recovery Stage the business cycle is the point at which the economy starts working its way up to better financial footing. The year 2012 will be remembered in the UAE’s history, among others, for economic recovery from the biggest financial crisis in its history starting from 2008.

To summarize Dubai went through the classic Phase of expansion in this cycle in the years 2005-2007 the economy of Dubai during this period moved from a normal status to a peak status. It was the period when the business in Dubai is outpourings, and grow national product expands until it reaches a peak.

According to Marc Faber, "Dubai went through the classic Phase Three boom in 2005-7; Phase Four of the ‘down cycle doubts’ came in…...

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