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FinancialNews
22-02-18
Kuwait to see 2.5 percent economic growth
(MENAFN) Kuwait is expected, as found by ratings agency S&P, to see a recovery in economic growth within this year, beating deficiencies it has undergone in the past year.
In the report S&P released, Kuwait is expected to see a 2.5 percent boost in economy within 2018, seeing as energy prices and oil production begun to witness an increase.
The report noted "Kuwait's large government and external net asset positions will continue to afford the authorities space to gradually consolidate government finances."
It continued "the stable outlook reflects our expectation that Kuwait's public and external balance sheets will remain strong over the forecast horizon, backed by a significant stock of financial assets. We expect these strengths to offset risks related to lower oil prices, Kuwait's undiversified economy, and rising geopolitical tensions in the region."
MENAFN2202201800450000ID1096496228
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