{
  "title": "Kuwait: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kuwait",
  "publication": "IMF Staff Country Reports, January 26, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/01/29/kuwait-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45592",
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  "summary": "This 2017 Article IV Consultation highlights that non-oil growth in Kuwait has picked up modestly over the past two years, and inflation has moderated. After coming to a standstill in 2015, real non-hydrocarbon growth has recovered and is set to reach 2.",
  "sections": [
    {
      "heading": "Macroeconomic growth and inflation",
      "content": "- Non-oil growth in Kuwait has picked up modestly over the past two years.\n- 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.\n- 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."
    },
    {
      "heading": "Fiscal position and financing",
      "content": "- The government’s underlying fiscal position has improved on the back of spending restraint.\n- Financing needs have remained large."
    },
    {
      "heading": "Subject and keywords",
      "content": "- Subject: Banking, Expenditure, Fiscal policy, Fiscal stance, Income, National accounts, Oil prices, Prices\n- 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\n\nIMF 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).\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: January 26, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484339572.002",
    "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.",
    "The government’s underlying fiscal position has improved on the back of spending restraint.",
    "Financing needs have remained large.",
    "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",
    "**Country Report**"
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