Economics
The Economic Chill Gripping Dubai in Five Charts
- Data on schools, business licenses show depth of slowdown
- Emirate’s economy last year grew at weakest pace since 2010
The skyline of Dubai is pictured from the Burj Khalifa.
Photographer: Giuseppe Cacace/AFP via Getty Images
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Dubai’s $108 billion economy is still eking out growth, but distress is increasingly felt far beyond its bellwether property industry.
Despite the emirate’s standing as the Middle East’s commercial hub, businesses are pulling up stakes and private schools are suffering from tepid growth in student numbers. Dubai’s gross domestic product last year expanded at the weakest clip since 2010.