13 July, 2006

Overheating and happiness

The UAE enjoys strong economic prospects but must take care aggressive development spending plans do not lead to overheating and inflation, the International Monetary Fund said.

'Directors viewed that the medium-term economic outlook remains favourable,' the IMF said in an annual assessment.

More here

Overheating in a region where the temperature reaches 50 degrees celcius (oops, I meant 49 degrees); who would've guessed.

Also the UAE's happiness rating isn't much to be happy about about...

"Out of 178 countries, the UAE came a satisfyingly crap 156. Of course, we were never going to beat Russia for sheer discontent (a truly dismal 172), but we are indeed a bunch of miserable gits."

More here

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