Gulf News

UAE growth ex­pected to top 3% in 2019

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Min­is­ter of Econ­omy ex­pects the coun­try’s gross do­mes­tic prod­uct to grow by 2.5-3% in 2018 and by more than 3% in 2019 |

Losses were led by a 1.6 per cent de­cline in bank shares, which are be­ing pum­melled by the lat­est de­clines in long­dated govern­ment bond yields.

The moves fol­low sim­i­lar de­clines in US bank shares, which dropped 4.4 per cent on Tues­day.

Global eq­ui­ties have been shaken by fears of a re­ces­sion, fanned by the flat­ten­ing US Trea­sury yield curve — a phe­nom­e­non in which longer-dated

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