Macro - Country Economic Forecasts - Kuwait

Macro - Country Economic Forecasts - Kuwait



Preliminary figures indicate the 2023 contraction was sharper than expected, owing to a weaker non-oil growth & lower oil revenue. This drags down 2024 growth, with our real GDP growth forecast for Kuwait at 0.3% for 2024, particularly following the OPEC+ announcement that oil production cuts have been extended. We forecast a rebound over the next couple of years, with a full rebound early 2026, as production cuts are unwound.


Kuwait: Climate change and oil production cuts affect the economy
Forecast overview
Recent developments
Key drivers of our Short-term Forecast
downside risks remain significant
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Policy and Politics

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings