Middle East Economic Survey


No 31



Kuwaiti Economy Remains Strong, But Needs Reform

Kuwait saw strong economic growth in 2003 as its nominal GDP climbed 16% as a result of high oil prices, an increase in trade finance activity with Iraq and buoyancy in the stock and real estate markets, MEES Banking and Finance Editor Melanie Lovatt reports from Kuwait. Continued strong demand has kept oil prices high so far this year and Kuwait is expected to continue to reap the...