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

January 26, 2018

Preview Citation

Format: Chicago

Kuwait: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kuwait, (USA: International Monetary Fund, 2018) accessed November 15, 2024

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 2.5 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, but 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

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/021
Stock No:

1KWTEA2018001
ISBN:

9781484339572
ISSN:

1934-7685

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