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2019-04-05 09:45:00

KUWAIT'S GDP UP 1.7%

KUWAIT'S GDP UP 1.7%

IMF- On March 25, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the 2019 Article IV consultation with Kuwait. The discussion included the Financial System Stability Assessment (FSSA) of Kuwait.

Growth has resumed, and the current account rebounded thanks to higher oil prices. Hydrocarbon output rose by 1.2 percent in 2018 after contracting a year earlier. Buoyed by a rebound in confidence and government spending, non-oil growth has accelerated to 2.5 percent. After the first deficit in more than two decades in 2016,…

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Tags: KUWAIT, GDP, ECONOMY, FINANCE
Chronicle:
KUWAIT'S GDP UP 1.7%
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