Middle East Economic Survey
Kuwait Credit Growth Improving, Budget Outlook Remains Favorable, Says NBK
Monetary developments in Kuwait were showing signs of improving stability as 2009 came to an end, the National Bank of Kuwait (NBK) said in its 11 January Economic Brief. During November, deposits at local banks expanded at a decent pace. Meanwhile, credit showed signs of improvement, with growth surpassing the rise in deposits. As a result, money supply (M2)...