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Macro Poverty Outlook for Kuwait (English)

GDP growth has recovered in line with oil sector developments, and external and fiscal balances improved amidst higher energy prices in 2017-18. A loose fiscal stance and rising public infrastructure spending will buttress growth in the medium term. Continued volatility in oil prices underscores the need to accelerate key fiscal reforms. The slow pace of structural reforms needed to diversify away from hydrocarbons and support private sector activity is a key challenge.

Details

  • Document Date

    2019/04/01

  • Document Type

    Working Paper

  • Report Number

    136478

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Kuwait,

  • Region

    Middle East and North Africa,

  • Disclosure Date

    2019/04/30

  • Disclosure Status

    Disclosed

  • Doc Name

    Macro Poverty Outlook for Kuwait

  • Keywords

    oil; life expectancy at birth; high oil price; Fiscal Reform; consumer price index; public sector employment; Capital Adequacy Ratio; oil sector development; oil production capacity; Fiscal Sustainability; investment income; monetary policy; export receipts; Public Infrastructure; food price; Job Creation; housing cost; liquidity buffer; current expenditure; bureaucratic procedure; funds target; expenditure rationalization; external balance; business environment; working condition; oil revenue; energy price; vat reform; fiscal pressure; trade balance; debt law; high frequency; financial volatility; household spending; fiscal finance; global growth; oil output; factor price; debt issuance; deficit target; market price; debt public; banking sector; external position; fiscal balance; international bond; government spending; oil reserve; domestic debt; debt profile; cleaner energy; percent change

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Citation

Macro Poverty Outlook for Kuwait (English). Macro Poverty Outlook (MPO) Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/868111556630674625/Macro-Poverty-Outlook-for-Kuwait