According to IMF, Dubai finances stronger but still vulnerable,
DUBAI: Dubai’s ability to finance its debts has improved because of stronger economic growth and more conservative spending, but the emirate would still be vulnerable in a global economic downturn, the International Monetary Fund said.
Under a baseline scenario, Dubai government debt is expected to fall gradually to 41.6 percent of gross domestic product by 2019 from 60.2 percent last year, the IMF said after annual consultations with the United Arab Emirates......Read more
