Understanding Dubai's Economic Performance: GDP, Unemployment, and Trade

Economics
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Macroeconomics

Economics 1
Contents
Introduction......................................................................................................................................2
Question 1........................................................................................................................................3
Question 2........................................................................................................................................5
Question 3........................................................................................................................................8
Question 4........................................................................................................................................9
Conclusion.....................................................................................................................................11
References......................................................................................................................................12

Economics 2
Introduction
The purpose of the report is to enhance the understanding related to GDP (output),
unemployment, interest rate as well as inflation rate. The understanding of the terms of
economics is supported with the recent Dubai economic report 2018.

Economics 3
Question 1
Global, Regional & Dubai Growth Trends: - In the year 2017, the world economy has
contributed to the strengths with the increase in the real global output by approx. 3.7%. Dubai is
known as one of the diversified economic base as well as composition with the growth rates
majorly for the international trading partners. For instance, the emirates are growing faster
comparing it with the global output from the year 2012 to 2015 (Dubai Economy). However,
from the year 2016, the growth of Dubai has lagged begins in the rest of the world.
(Source: Dubai Economy)
In the report, this is clear that the growth of the economic performance in 2017 that has been
influenced by its exposure to conditions related to economic in the region that it resides and to
prospects of related to major trading partners which include Saudi Arabia, Oman, Kuwait, and
Iraq.