IMF: Kuwait’s Oil GDP Growth Expected to Decline in 2023
The International Monetary Fund said today, Wednesday, that Kuwait’s oil GDP growth is expected to decline in 2023 due to reduced oil production, while non-oil GDP growth will remain strong.
The IMF added that Kuwait’s economic recovery continues, supported by high oil prices, and that inflation is contained.
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He went on to say that the political stalemate between government and parliament could lead to further delays in reforms.
