UAE central bank sees GDP growth at 7.6% this year, 3.9% in 2023

People are seen at Dubai Mall in Dubai
People are seen at Dubai Mall in Dubai, United Arab Emirates July 16, 2019. Picture taken July 16, 2019. REUTERS/Tuqa Khalid

DUBAI, Dec 19 (Reuters) - The United Arab Emirates' central bank expects real gross domestic product growth of 7.6% this year, an upward revision of more than a percentage point, while lowering expectations for growth next year, state news agency WAM said on Monday.

Real GDP was expected to grow 3.9% in 2023, revised down from a previous estimate. The UAE's economy minister said earlier this month GDP is expected to grow 6.5% this year, and more than 7% next year.

Reporting by Ahmad Ghaddar; Writing by Yousef Saba; Editing by Alison Williams

Our Standards: The Thomson Reuters Trust Principles.