{"id":375809,"date":"2024-10-10T17:41:46","date_gmt":"2024-10-10T20:41:46","guid":{"rendered":"https:\/\/anba.com.br\/?p=375809"},"modified":"2024-10-10T17:41:51","modified_gmt":"2024-10-10T20:41:51","slug":"kuwait-economy-to-resume-growing-in-2025","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/kuwait-economy-to-resume-growing-in-2025\/","title":{"rendered":"Kuwait economy to resume growing in 2025"},"content":{"rendered":"\n

S\u00e3o Paulo \u2013 Kuwait\u2019s real Gross Domestic Product (GDP) should be up 2.8% next year with the easing of oil production cuts put in place by the Organization of the Petroleum Exporting Countries (OPEC+) to manage the commodity\u2019s prices. The information was made public in an International Monetary Fund (IMF<\/a>) report on the Kuwaiti economy.<\/p>\n\n\n\n

The oil production cut has impacted Kuwait\u2019s economy, whose GDP is seen contracting by 3.2% as a result of recession. Last year, economic recovery came to a halt as real GDP dropped by 3.6%, also due to reduced oil activity. GDP was down 4.3% in the oil sector and 1% in the non-oil sector on the back of reduced manufacturing activity in oil refining.<\/p>\n\n\n\n

The IMF says inflation is easing in Kuwait. The country\u2019s primary inflation index scored 3.6% in 2023, reflecting a less pronounced increase in core and food inflation. Recently, annual inflation dropped to 2.4%, driven by housing and transportation. Kuwait\u2019s external position remains strong, the IMF said. Its current account surplus was 31.4% of GDP in 2023 despite a reduced trade surplus from lower oil prices.<\/p>\n\n\n\n

Kuwait: opportunity<\/h2>\n\n\n\n

According to the fund, Kuwait has a window of opportunity to implement needed fiscal and structural, as the political situation remains favorable. The IMF notes, however, that the economy is highly exposed to global risks due to its dependence on oil and the prices thereof, the world economy, and regional conflicts.<\/p>\n\n\n\n

Read more:<\/em>
Kuwait a key importer of poultry from Brazil<\/a>
Kuwait\u2019s exports to Brazil increase<\/a><\/p>\n\n\n\n

Translated by Gabriel Pomerancblum<\/strong><\/p>\n

\u00a9Yasser Al-Zayyat\/AFP<\/div>","protected":false},"excerpt":{"rendered":"

The Arab country\u2019s GDP may slow down in 2024, the same as it did in 2023, but an expected reversal of oil production cuts paves the way for 2.8% growth next year, the IMF said.<\/p>\n","protected":false},"author":2316,"featured_media":375796,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[10545,9756,1988,11627,1964,3289,8431],"class_list":{"0":"post-375809","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-economy-en","9":"tag-gdp-en","10":"tag-imf","11":"tag-kuwait-ar","12":"tag-oil","13":"tag-oil-and-gas","14":"tag-oil-prices"},"wps_subtitle":"The Arab country\u2019s GDP may slow down in 2024, the same as it did in 2023, but an expected reversal of oil production cuts paves the way for 2.8% growth next year, the IMF said.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/375809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=375809"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/375809\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/375796"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=375809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=375809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=375809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}