Kuwait: Staff Report for 2005 Article IV Consultation
July 14, 2005
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Kuwait’s 2005 Article IV Consultation reports that the economic and financial positions are projected to remain strong mainly on the expectation that world oil prices will decline only gradually. Reflecting sharply higher oil prices and production, economic conditions improved significantly in 2003 and 2004. The main economic challenge facing Kuwait is to create sufficient employment opportunities for the rapidly growing national labor force by accelerating the growth of the private non-oil economy.
Subject: Banking, Commodities, Fiscal policy, Fiscal stance, Income, International trade, Monetary expansion, National accounts, Oil, Oil exports, Oil prices, Prices
Keywords: CR, East Asia, economic statistics, Fiscal stance, Global, Income, ISCR, Kuwait stock exchange index, market condition, Oil, Oil exports, oil market stability, Oil prices, projection, surplus, WEO oil price projection
Pages:
48
Volume:
2005
DOI:
Issue:
231
Series:
Country Report No. 2005/231
Stock No:
1KWTEA2005001
ISBN:
9781451822328
ISSN:
1934-7685
