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Macro - Country Economic Forecasts - Kuwait

Publisher Oxford Economics
Published Mar 12, 2026
Length 6 Pages
SKU # OFE21077194

Description

We've downgraded our 2026 forecast for GDP growth in Kuwait by 1.2ppts to 2.4%, primarily driven by the US-Israel conflict with Iran. However, this partly reflects historical data changes, which account for roughly 0.2ppts of our revisions. Our projection for oil production is now 1.7ppts lower at 2.6%, and we've cut our non-oil GDP growth forecast by 0.7ppts to 2.1%.

Table of Contents

6 Pages
Kuwait: Growth prospects weaken due to Iran conflict
Forecast overview
Recent developments
Short
term outlook
Key drivers of our short
term forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

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