Kuwait 2016 Article IV Consultation-Press Release; and Staff Report

This 2016 Article IV Consultation highlights that the economic activity in the non-oil sector in Kuwait has continued to expand, albeit at a slower pace, reflecting the impact of lower oil prices. Nonhydrocarbon growth slowed from 5 percent to an estimated 3.5 percent in 2015, as higher uncertainty...

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Bibliographic Details
Corporate Author: International Monetary Fund Middle East and Central Asia Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2017
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a Kuwait 
653 |a Fiscal stance 
653 |a Energy: Demand and Supply 
653 |a Income 
653 |a Banks 
653 |a Finance 
653 |a Public finance & taxation 
653 |a Banks and banking 
653 |a Government debt management 
653 |a Debts, Public 
653 |a Fiscal Policy 
653 |a Exports and Imports 
653 |a Mortgages 
653 |a National accounts 
653 |a National income 
653 |a Macroeconomics 
653 |a Public financial management (PFM) 
653 |a Banking 
653 |a Economic and financial statistics 
653 |a Econometrics & economic statistics 
653 |a Financial Risk Management 
653 |a Depository Institutions 
653 |a General Aggregative Models: General 
653 |a Balance of payments statistics 
653 |a Oil prices 
653 |a Short-term Capital Movements 
653 |a Debt Management 
653 |a Current Account Adjustment 
653 |a Micro Finance Institutions 
653 |a Balance of payments 
653 |a Debt 
653 |a Aggregate Factor Income Distribution 
653 |a Fiscal policy 
653 |a Sovereign Debt 
653 |a Banks and Banking 
653 |a Prices 
653 |a Statistics 
653 |a Public Finance 
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520 |a This 2016 Article IV Consultation highlights that the economic activity in the non-oil sector in Kuwait has continued to expand, albeit at a slower pace, reflecting the impact of lower oil prices. Nonhydrocarbon growth slowed from 5 percent to an estimated 3.5 percent in 2015, as higher uncertainty weighed on consumption. Labor market reforms and efforts to promote the role of the private sector are important to foster diversification and boost job creation for nationals. Better aligning labor market incentives is necessary to encourage nationals to take on private sector jobs and private firms to create opportunities for them