Kuwait: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kuwait
IMF Staff Country Reports, January 26, 2018
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- Kuwait: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kuwait
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Bibliographic details
- Published: January 26, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484339572.002
Macroeconomic growth and inflation
- Non-oil growth in Kuwait has picked up modestly over the past two years.
- After coming to a standstill in 2015, real non-hydrocarbon growth has recovered and is set to reach 2.5 percent in 2018, driven by improved confidence.
- Notwithstanding the impact of higher energy and water prices, inflation is on track to reach a multiyear low of 1.75 percent in 2017, owing to a decline in housing rents and favorable food price developments.
Fiscal position and financing
- The government’s underlying fiscal position has improved on the back of spending restraint.
- Financing needs have remained large.
Subject and keywords
- Subject: Banking, Expenditure, Fiscal policy, Fiscal stance, Income, National accounts, Oil prices, Prices
- Keywords: authorities' effort, authority, break-even oil price, consolidation plan, CR, deposit growth, Fiscal stance, food price development, GDP, Global, housing rent, Income, ISCR, Oil prices, pension fund recapitalization, price
IMF Staff Country Report: Kuwait: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kuwait (Country Report No. 2018/021).
Content in this bundle
- Country Report