Macro - Country Economic Forecasts - Kuwait

Macro - Country Economic Forecasts - Kuwait

We have cut our 2023 GDP growth forecast for Kuwait by 50bps to 2.4% owing to a surprise oil production cut by OPEC+ on April 3. In response to the new policy, we've raised our oil price forecast to $86.9 per barrel (p/b) for this year (previously $85.1 p/b) and $88 p/b for 2024 (previously $84 p/b).