Kuwait 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kuwait

This 2017 Article IV Consultation highlights that non-oil growth in Kuwait has picked up modestly over the past two years, and inflation has moderated. After coming to a standstill in 2015, real non-hydrocarbon growth has recovered and is set to reach 2.5 percent in 2018, driven by improved confiden...

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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 2018
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Fiscal stance 
653 |a Depository Institutions 
653 |a Energy: Demand and Supply 
653 |a General Aggregative Models: General 
653 |a Income 
653 |a Oil prices 
653 |a Banks 
653 |a Public finance & taxation 
653 |a Banks and banking 
653 |a Fiscal Policy 
653 |a Micro Finance Institutions 
653 |a Fiscal policy 
653 |a Aggregate Factor Income Distribution 
653 |a Mortgages 
653 |a National accounts 
653 |a National income 
653 |a National Government Expenditures and Related Policies: General 
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653 |a Expenditure 
653 |a Banks and Banking 
653 |a Expenditures, Public 
653 |a Macroeconomics 
653 |a Prices 
653 |a Banking 
653 |a Econometrics & economic statistics 
653 |a Statistics 
653 |a Public Finance 
653 |a Financial services law & regulation 
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520 |a This 2017 Article IV Consultation highlights that non-oil growth in Kuwait has picked up modestly over the past two years, and inflation has moderated. After coming to a standstill in 2015, real non-hydrocarbon growth has recovered and is set to reach 2.5 percent in 2018, driven by improved confidence. Notwithstanding the impact of higher energy and water prices, inflation is on track to reach a multiyear low of 1.75 percent in 2017, owing to a decline in housing rents and favorable food price developments. The government’s underlying fiscal position has improved on the back of spending restraint, but financing needs have remained large