Kuwait: 2013 Article IV Consultation

Publication Date: December 02, 2013
Electronic Access: Free Full text (PDF file size is 1,267KB).
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Summary: This 2013 Article IV Consultation highlights that high oil prices and increased production have enabled the government in Kuwait to continue to record high fiscal and external surpluses and build strong buffers. Overall real non-oil GDP growth is projected to increase modestly to 3 percent in 2013, driven by an increase in domestic consumption and pick-up in public investment. A slight reduction in oil production would bring down total real GDP growth below 1 percent. The overall average consumer price inflation is projected at 3 percent in 2013. The economic outlook is expected to improve further in 2014 and over the medium term.
Series: Country Report No. 13/336
Subject(s): Article IV consultation reports | Economic growth | Nonoil sector | Fiscal policy | Labor markets | Fiscal reforms | Banking sector | Monetary policy | Exchange rate assessments | Economic indicators | Staff Reports | Press releases | Kuwait

Publication Date: December 02, 2013
ISBN/ISSN: 9781475526929/1934-7685 Format: Paper
Stock No: 1KWTEA2013001 Pages: 64
US$18.00 (Academic Rate:
US$18.00 )
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