{"id":381131,"date":"2025-01-15T16:19:37","date_gmt":"2025-01-15T19:19:37","guid":{"rendered":"https:\/\/anba.com.br\/?p=381131"},"modified":"2025-01-16T11:04:28","modified_gmt":"2025-01-16T14:04:28","slug":"lower-interest-rates-could-drive-growth-in-kuwait","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/lower-interest-rates-could-drive-growth-in-kuwait\/","title":{"rendered":"Lower interest rates could drive growth in Kuwait"},"content":{"rendered":"\n<p>S\u00e3o Paulo \u2013 Kuwait\u2019s non-oil GDP is expected to grow by 2.6% this year compared to 2024, according to estimates released by the National Bank of Kuwait (NBK) in a report published on Wednesday (15) and shared by state news agency <a href=\"https:\/\/www.kuna.net.kw\/Default.aspx\" target=\"_blank\" rel=\"noopener\">Kuna<\/a>.<\/p>\n\n\n\n<p>The document says the non-oil sector\u2019s GDP contracted by 2.5% in the third quarter of 2024 compared to the same period in 2023, due to a downturn in key sectors of the Gulf country\u2019s economy.<\/p>\n\n\n\n<p>Some of the reasons behind the financial institution\u2019s \u201coptimistic\u201d forecasts include the declining interest rate trajectory and the government\u2019s \u201cefforts\u201d to implement development projects. Additionally, the Arabian Gulf Cup football tournament, which concluded earlier this year in Kuwait, contributed to increased revenues due to the large number of foreign visitors it attracted to the country.<\/p>\n\n\n\n<p>In general, the financial institution expects a gradual recovery of the economy due to increased consumption and the expansion of credit.<\/p>\n\n\n\n<p><em>Read more:<\/em><br><a href=\"https:\/\/anba.com.br\/en\/kuwait-economy-to-resume-growing-in-2025\/\">Kuwait economy to resume growing in 2025<\/a><\/p>\n\n\n\n<p><strong>Translated by Guilherme Miranda<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-381128\">\u00a9Yasser Al-Zayyat\/AFP<\/div>","protected":false},"excerpt":{"rendered":"<p>Estimates from the National Bank of Kuwait indicate expansion of the country\u2019s non-oil GDP.<\/p>\n","protected":false},"author":2316,"featured_media":381128,"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":[42267,1836,2220,3260,31204,9756,5516,11627,1964,12924],"class_list":{"0":"post-381131","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-consumo-en","9":"tag-consumption","10":"tag-credit","11":"tag-football","12":"tag-futebol-en","13":"tag-gdp-en","14":"tag-interest-rate","15":"tag-kuwait-ar","16":"tag-oil","17":"tag-pib-ar"},"wps_subtitle":"Estimates from the National Bank of Kuwait indicate expansion of the country\u2019s non-oil GDP.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/381131","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=381131"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/381131\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/381128"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=381131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=381131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=381131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}