Despite the geopolitical ramifications that the global economy is currently facing, the UAE economy is poised for stronger growth, recovery, and prosperity in the second half of this year, supported by a track record of economic successes that have fructified into the UAE’s designation as an innovation-driven economy, reported state news agency, WAM. The UAE economy’s strength and recovery from the aftermath of the Covid-19 pandemic are evident in the positive projections made by international institutions and banks including the International Monetary Fund (IMF) and World Bank. Following a growth rate of 7.9 per cent in 2022, the UAE’s economy is expected to maintain its upward trajectory in 2023, benefitting from sustained tourism activity and higher capital expenditure, the IMF said in its 2022 Article IV assessment.