VOL. XLVII

No 11

15-March-2004

KUWAIT

BUDGETS AND REVENUES

Kuwait Economy Benefits From Iraqi Reconstruction, Improved Confidence In 2003, Says IMF

Kuwaits economy remained in a comfortable position in 2003, with real non-oil GDP growth picking up briskly to about 6.5% due to the spillover effects of developments in Iraq and improved domestic confidence, the IMF has said following annual Article IV consultations. Indeed, the Kuwaiti economy is buzzing with activity, according to one analyst who...