Fiscal Balance in Kuwait
Kuwait - Fiscal BalanceThe economy likely registered only a mild expansion in the first quarter, as oil production cuts constrained the energy sector. While the non-oil sector should have compensated somewhat, consumer spending appeared to lose momentum, as suggested by data on ATM withdrawals and point-of-sale transactions, and softer consumer confidence. Turning to the second quarter, growth was likely similarly subdued. In April and May, oil output averaged lower than in Q1 as Kuwait boosted compliance with the OPEC deal, which will have weighed on the oil sector. However, private-sector credit growth was robust in April, while brisk consumer borrowing growth in recent months could have fed through to stronger private consumption.
Kuwait - Fiscal Balance Data
|Fiscal Balance (% of GDP)||26.1||7.6||-13.4||-13.9||-9.0|
5 years of economic forecasts for more than 30 economic indicators.
Kuwait Fiscal Balance Chart
Source: Central Bank of Kuwait.
|Exchange Rate||0.30||-0.05 %||Jul 11|
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