International Reserves in United Arab Emirates
United Arab Emirates - International ReservesThe economy looks set to lose further momentum in the first half of 2020, after decelerating for two consecutive quarters in the second half of 2019. Strict lockdown measures have impaired business conditions in the private sector, as evidenced by the PMI plunging to a record low in April, amid crumbling demand and significant job losses. Furthermore, widespread travel bans have led to a virtual shutdown of incoming flights to the UAE in Marchâ€“April, which, combined with the delay of October's planned Expo 2020, will likely lead to a marked decline in tourism revenues. Moreover, tumbling oil prices amid plunging global demand are set to wreak further havoc on the external sector, while sharply reduced revenues will pressure public finances. This comes despite a recent easing of lockdown measures in early May, with commercial venues opening at limited capacity and social distancing measures remaining.
United Arab Emirates - International Reserves Data
|International Reserves (USD)||78.4||93.9||85.4||95.4||99.5|
5 years of economic forecasts for more than 30 economic indicators.
United Arab Emirates International Reserves Chart
Source: Central Bank of United Arab Emirates.
United Arab Emirates Facts
|Exchange Rate||3.67||0.0 %||Dec 31|
|Stock Market||0.1||0.75 %||Jan 07|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
May 5, 2020
The IHS Markit Purchasing Managers’ Index (PMI) dropped to a new record low of 44.1 in April from 45.2 in March.
May 1, 2020
Consumer prices fell 0.89% month-on-month in March, following February’s 0.26% decrease.
April 14, 2020
Consumer prices fell 0.26% month-on-month in February, following January’s 0.09% decrease.
April 5, 2020
The IHS Markit Purchasing Managers’ Index (PMI) slumped to a record low of 45.2 in March from 49.1 in February.
March 3, 2020
Consumer prices fell 0.09% month-on-month in January, following December’s 0.23% decrease.