Kuwait: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kuwait

December 2, 2015

Preview Citation

Format: Chicago

Kuwait: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kuwait, (USA: International Monetary Fund, 2015) accessed September 18, 2024

Summary

This 2015 Article IV Consultation highlights that decline in oil prices has adversely affected Kuwait’s fiscal and current account balances and slowed growth in 2014–15. Real non-oil GDP growth is projected to slow in 2015 and 2016, and pick up to 4 percent in the medium term, supported by government investment in infrastructure and private investment. The fiscal and external positions are projected to deteriorate further in 2015 and 2016, and improve somewhat over the medium term as oil prices and production recover partially.

Subject: Banking, Energy prices, Financial institutions, Inflation, Loans, Oil prices, Prices, Real estate prices

Keywords: A number of investment companies, Authority, CR, Energy prices, Global, Inflation, Investment company, ISCR, Kuwaiti dinar, Labor market information system, Loans, Oil price decline, Oil prices, Real estate prices, Staff recommendation

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/327
Stock No:

1KWTEA2015001
ISBN:

9781513559322
ISSN:

1934-7685

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