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Emirates Central Bank announces real GDP growth of 2.9% in 2019

UNITED STATES (OBSERVATORY NEWS) — The UAE economy grew 2.9 percent year on year in 2019, up from 1.7 percent in 2018, the Emirates News Agency reported on Sunday, according to a central bank report.

According to the report, the oil and gas sector grew 7.6 percent in 2019, and the non-oil sector 1.1 percent.

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