Financial and Banking News


Kuwait's GDP Shrinks by 10% in 1985 

The Gross Domestic Product (GDP) of Kuwait contracted by 9.6% during 1985, according to provisional figures recently released by the Finance Ministry. The magnitude of the GDP decline exceeded expectations (most economists having put it in the range of 0% to -2%) and resulted from a 12.9% decline in the oil sector's production together with a 6% decline in non-oil GDP. At the same time the...