dubai jan 9 reuters  the central bank of the united arab emirates said it expects the uae economy to grow 42 in 2022 accelerating from last years 21 growth the central banks projection in its latest quarterly report on the economy is rosier than that of the international monetary fund projects the uae economy will grow 3 this year nonoil real gross domestic product gdp is expected to increase by 39 due to a continued increase in public spending positive outlook for credit growth higher employment and better business sentiment with a world fair expo event in dubai the bank said on its website oil gdp is forecast to grow 5 this year reflecting the expected increase in demand with majority of the world economies being vaccinated it said