Kuwait: Staff Report for 2005 Article IV Consultation

International Monetary Fund

No 2005/231, IMF Staff Country Reports from International Monetary Fund

Abstract: Kuwait’s 2005 Article IV Consultation reports that the economic and financial positions are projected to remain strong mainly on the expectation that world oil prices will decline only gradually. Reflecting sharply higher oil prices and production, economic conditions improved significantly in 2003 and 2004. The main economic challenge facing Kuwait is to create sufficient employment opportunities for the rapidly growing national labor force by accelerating the growth of the private non-oil economy.

Keywords: ISCR; CR; WEO oil price projection; surplus; oil market stability; Kuwait stock exchange index; projection; market condition; economic statistics; Oil prices; Oil; Fiscal stance; Oil exports; Income; East Asia; Global (search for similar items in EconPapers)
Pages: 48
Date: 2005-07-14
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