Kuwait: 2013 Article IV Consultation

December 2, 2013

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Kuwait: 2013 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Summary

This 2013 Article IV Consultation highlights that high oil prices and increased production have enabled the government in Kuwait to continue to record high fiscal and external surpluses and build strong buffers. Overall real non-oil GDP growth is projected to increase modestly to 3 percent in 2013, driven by an increase in domestic consumption and pick-up in public investment. A slight reduction in oil production would bring down total real GDP growth below 1 percent. The overall average consumer price inflation is projected at 3 percent in 2013. The economic outlook is expected to improve further in 2014 and over the medium term.

Subject: Banking, Commodities, Financial institutions, Income, Labor, Loans, National accounts, Oil, Oil prices, Prices

Keywords: CBK transaction, CBK's stress, CR, Global, IMF staff calculation, Income, Investment company, ISCR, Kuwait, Kuwaiti banking system, Kuwaiti economy well, Loans, Oil, Oil prices

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/336
Stock No:

1KWTEA2013001
ISBN:

9781475526929
ISSN:

1934-7685

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