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Macro - Country Economic Forecasts - Kuwait

Publisher Oxford Economics
Published Dec 19, 2024
Length 6 Pages
SKU # OFE19463547

Description

Macro - Country Economic Forecasts - Kuwait



We've cut our 2025 GDP growth forecast by 0.6ppts to 2.0%, to reflect another extension by OPEC+ of voluntary oil production cuts. The cartel has announced it will delay unwinding cuts until at least the end of Q1, due to concerns over weak demand. We think OPEC+ will extend until Q3 2025 and maintain our oil price forecast at an average of $72.6pb over 2025.

Table of Contents

6 Pages
Kuwait: Weak oil sector continues to lower growth expectation
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

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