Kuwait: Staff Report for 2005 Article IV Consultation

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 231

Publication date: July 2005

ISBN: 9781451822328

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , ISCR , CR , WEO oil price projection , surplus , oil market stability , Kuwait stock exchange index , projection , market condition , economic statistics , Oil prices , Oil , Fiscal stance , Oil exports , Income , East Asia , Global

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Summary

Kuwait’s 2005 Article IV Consultation reports that the economic and financial positions are projected to remain strong mainly on the expectation that world oil prices will decline only gradually. Reflecting sharply higher oil prices and production, economic conditions improved significantly in 2003 and 2004. The main economic challenge facing Kuwait is to create sufficient employment opportunities for the rapidly growing national labor force by accelerating the growth of the private non-oil economy.