Abu Dhabi is the UAE's largest Emirate, forecast to see economic growth of 4.2% next year.

Thanks in part to the entrepreneurial economy that is supercharging key industries of the future,

and attracting international attention for business leaders seeking a dynamic location that they can call home.

From the opinion pages of the Wall Street Journal, this is Potomac Watch.

The American economy keeps on growing despite rising interest rates with a 2.9% growth rate

in last year's fourth quarter. No sign, at least not yet of that much predicted recession.

Plus, does the fair tax, a 30% sales tax on everything you buy have any chance of passing

Congress? If you listen to Democrats, it's an imminent risk, but we're not so sure Republicans

are going to make it through Congress with that. And Metta, the owner of Facebook, will add Donald

Trump back on the social media site two years after he was banned. Will this help Trump?

Or will it help Democrats more? Welcome to Potomac Watch. I'm Paul Gigo with the opinion pages

of the Wall Street Journal and here today with my esteemed colleagues, Kim Strassel and Manet

Uquhe Baru, welcome to you both. Let's start with the economy. Solid top line growth, 2.9% in the

fourth quarter, adding up for the whole year now of 2022 of 2.1%, which was better than many had

predicted, particularly after the first half, showed no of the year, showed no growth at all.

So that is good news. But if you look beneath the surface, there are some weaknesses in

this report. And it isn't clear how sustainable this is, particularly when you look at the delayed

impact of monetary policy, which started to tighten in earnest last March and often takes about a

year to take effect. But Manet, you looked at the numbers. What do you think? Well, I'd agree that

it seems as if the worst is still yet to come, which is to say that most economists expect that

the things that held up growth in the fourth quarter of 2022 are not going to be sustained. But

that doesn't mean that we can't still feel fortunate that you do still have a certain amount of

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