Kuwait : Staff Report for the 2014 Article IV Consultation

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

December 9, 2014

Electronic Access:

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Summary:

This 2014 Article IV Consultation highlights that economic activity in Kuwait picked up in 2014. Non-oil growth is projected at 3.5 percent driven by a combination of continued increase in domestic consumption and some pick-up in government capital spending and private investment. Flat oil production would keep the overall real GDP growth positive at 1.3 percent. The average inflation rate is forecast to remain at about 3 percent. The current account and fiscal surpluses are expected to remain high. The medium-term economic outlook is favorable. Non-oil GDP growth is expected to pick up to 4 to 5 percent in the medium term, supported by government investment in infrastructure and the oil sector, and by consumption.

Series:

Country Report No. 14/333

Subject:

English

Publication Date:

December 9, 2014

ISBN/ISSN:

9781498372541/1934-7685

Stock No:

1KWTEA2014001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

61

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