UAE export growth will remain solid in 2013-14 , says HSBC

The UAE’s export growth is expected to remain solid and the gross domestic product, or GDP, growth is forecast to pick up in 2013-14.

Non-oil economy will continue to recover as construction, tourism and trade flows generally continue to recover, HSBC said on Wednesday.

India, China, and Vietnam, which are heavy energy consumers, will be the fastest-growing export markets for the UAE in 2016-20 and in 2021-30, the bank said.

As a major oil exporter, the UAE’s growth and trade performance has been boosted by high world energy

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