Kuwait: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kuwait
Kuwait: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kuwait
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Volume/Issue:
Volume 2024
Issue 328
Publication date: December 2024
ISBN: 9798400294303
$20.00
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Topics covered in this book
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Inflation , Economics- Macroeconomics , Public Finance , Business and Economics - Statistics , headline CPI inflation , debt management office , procurement contract , e-government initiative , capital market development , consultation-press release , Structural reforms , Oil prices , Global
Summary
The economy remains in recession, but a recovery
has begun in the non-oil sector, and inflation is moderating. Lower oil prices and
production have weakened the external and fiscal balances, while financial stability has
been maintained. The risks around the outlook are skewed to the downside, but
substantial financial buffers are a source of resilience to external shocks.
