Kuwait: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kuwait

International Monetary Fund

No 2015/327, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2015 Article IV Consultation highlights that decline in oil prices has adversely affected Kuwait’s fiscal and current account balances and slowed growth in 2014–15. Real non-oil GDP growth is projected to slow in 2015 and 2016, and pick up to 4 percent in the medium term, supported by government investment in infrastructure and private investment. The fiscal and external positions are projected to deteriorate further in 2015 and 2016, and improve somewhat over the medium term as oil prices and production recover partially.

Keywords: ISCR; CR; staff recommendation; investment company; oil price decline; authority; labor market information system; Kuwaiti dinar; a number of investment companies; Oil prices; Real estate prices; Inflation; Energy prices; Loans; Global (search for similar items in EconPapers)
Pages: 61
Date: 2015-12-02
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