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 , Fiscal consolidation , Oil prices , Inflation , Fiscal stance , Structural reforms

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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.