Kuwait: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kuwait

Author: International Monetary Fund. Middle East and Central Asia Dept.

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

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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.