KUWAIT

 

IMF Says Kuwait’s 2012 Economic Outlook Positive Despite Political Instability

Kuwait’s real GDP growth in 2011 is estimated at around 8.4%, supported by a 15% increase in oil production, the IMF said in its Article IV consultation with Kuwait, published on 15 June. Higher oil revenues resulted in an increase in Kuwait’s current account and fiscal surpluses to over 41% and 30% of GDP respectively. The IMF noted that growth in non-oil...