## Kuwait: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kuwait

_IMF Staff Country Reports, January 26, 2018_

## Source details

**Canonical URL:** [Kuwait: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kuwait](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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## Bibliographic details
- Published: January 26, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484339572.002

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### 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).*

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2018/cr1821.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2018/cr1821.pdf){rel="external" type="application/pdf"}

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_Source: 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_