International Reserves in Kuwait
Kuwait - International ReservesAnnual economic growth slowed significantly in the second quarter according to recent data, amid falling oil production levels and waning global demand. Kuwait’s compliance with OPEC production cuts dragged the oil sector into a slight contraction in the second quarter for the first time since Q2 2018. More positively, growth in the non-oil economy accelerated in Q2, partially offsetting the oil sector contraction, with a notable recovery in the manufacturing industry. Turning to the third quarter, mild price pressures throughout the period, coupled with robust credit growth in July and August, likely supported supporting consumer spending. However, crude production was down in annual terms in Q3, underlining a subdued oil sector.
Kuwait - International Reserves Data
|International Reserves (USD)||29.5||32.2||28.4||31.1||33.7|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||0.30||-0.05 %||Sep 04|
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