Middle East Monitor

Comprehensive country-by-country macroeconomic analysis, risk appraisals, latest market data and forecasts for the Middle East

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Economic Analysis - Commitment To OPEC Cuts Will Constrain Growth - APR 2018

Gulf February 2018 / Kuwait / Economy

Real GDP growth will recover in Kuwait in 2018, albeit at a more modest pace than previously anticipated owing to the extension of the OPEC oil production cuts. That said, rising oil prices will enable a shift away from fiscal consolidation and boost non-oil activity, tempering the effect of weak oil production on economic growth.