Economics
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Inflation In Kuwait Is Up By 3.02 Percent21 April 2024Kuwait’s consumer price index (inflation), on an annual basis, grew by 3.02 percent last March, according to the Kuwait Central Statistical Bureau (KCSB).In a statement to KUNA, th...Kuwait's Economy Suffers From Structural Imbalances17 March 2024In a recent report, Al-Shall revealed that Kuwait’s local economy grapples with a significant structural imbalance in production, primarily attributed to the overwhelming dominance...Tightrope Walk For Kuwait Economy As Oil's Grip23 January 2024According to a report by the General Secretariat of Planning, Kuwait's economy is connected to global oil prices continuously and consistently. However, despite substantial governm...Shrinking Economy In Kuwait, Public Finances In Deficit02 January 2024Al-Shall's weekly report reveals that Kuwait witnessed 15 governments form between 2006 and the end of September 2020, averaging 350 days each in office. From December 2020 through...Concerns Arise Over Kuwait's Inability To Implement Economic Reforms19 December 2023It has been warned that giving in to economically irrational populist demands and random parliamentary bidding could result in catastrophic financial consequences that Kuwait may n...Kuwait Suffers Economic Crisis09 December 2023Kuwait has suffered a setback in economic quality during the past decade by 21 places, while its best performance was in 2014, according to the National Center for Development Rese...Kuwait's Economy Ranks Among The Top 25 In The World26 November 2023Insider Monkey recently ranked Kuwait 21st on its list of the world's strongest growing economies. The nation exhibited a growth rate of 1%, placing it just after Japan, which clai...Kuwait's Economic Growth Is Downgraded To 0.8% By The World Bank07 October 2023The World Bank has revised its projections for Kuwait's economic growth in 2023, anticipating a decrease in citizen share of GDP of 0.1 percent. The Bank now forecasts 0.8 perc...Stalled Reforms Linked To Politics Threaten Kuwait's Economy10 September 2023Kuwait's economic recovery continues despite efforts to contain inflation, but there are still risks, especially because of the fluctuation of oil prices and oil production, ac...Non-oil Growth Sustains Kuwait's Economy27 August 2023Kuwait's economy experienced a significant recovery in 2022, with real GDP growing 8.2% while nominal growth slowed to 0.1% in 2023, according to MEED. However, this decline on...Kuwait Lags Behind In Diversifying Its Economy16 July 2023Al-Rai daily reports that Kuwait Economic Society (KES) wants to examine the degree of political interference in the economy, strengthen politicians' economic formation, and re...Eiu Predicts Kuwait's Economy Will Grow At Its Slowest Rate In The Gulf By 2023 And 202425 May 2023In a recent analysis by Economist Intelligence Unit, it was concluded that the Middle East and North Africa region (MENA) performed well in 2022 when it came to attracting foreign...Kuwait Economics Growth Is Lowest21 May 2023In a recent report released by the World Bank on Wednesday, the World Bank predicted Kuwait's economic growth in 2023 would slow to 1.3 percent due to the cautious approach ado...Kuwait's Economy Faces Three Possible Scenarios11 May 2023According to a report by Al-Monitor, the ongoing disputes between the legislative and executive authorities have negatively affected health care, education, and other social servic...For 2023, Kuwait Ranks 108th On The Index Of Economic Freedom22 March 2023Kuwait ranked 108 out of 176 countries in the American Heritage Economic Freedom Index for 2023, down seven positions from last year, reports Al-Qabas daily. The index ranked Kuwai...