Analysis by Region - MENA

We've lowered our 2025 GDP growth forecast for Kuwait by 1.4ppts to 1.9% to reflect our more pessimistic outlooks for government consumption and the manufacturing sector. The downward revision was also driven by potential fiscal spending cuts resulting from lower oil revenues, as well as mandatory factory shutdowns imposed in response to severe electricity shortages.


Kuwait: Lower oil price and energy shortages will drag growth
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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