The International Monetary Fund (IMF) has raised its forecast for the UAE's real GDP to 4.8% for the current year, compared to its previous projection released in April.

The Fund also projected in its latest World Economic Outlook (WEO) issued here today that the UAE's economy will grow by 5% in 2026, which is the same forecast it had announced in April.

According to the WEO, Global growth is projected to slow from 3.3% in 2024 to 3.2% in 2025 and 3.1% in 2026, with advanced economies growing around 1.5% and emerging market and developing economies just above 4%.