Kuwait expected to record lowest growth in Gulf – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
- Date: 28-May-2023
- Source: Arab Times Kuwait
- Sector:Financial Markets
- Country:Kuwait
Kuwait expected to record lowest growth in Gulf – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
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Reasonable recovery of MENA capital flows seen
KUWAIT CITY, May 27: The Economist Intelligence Unit (EIU) stated in a recent analysis that the Middle East and North Africa (MENA) region recorded a strong performance in 2022 in terms of attracting foreign direct investment (FDI), expecting the recovery of capital flows to the region to be reasonable in 2023 and 2024, reports Al-Rai daily. The unit believes the macroeconomic background will be supportive of FDI flows for most of the region’s economies, and suggested that more than half of the region’s countries will record average economic growth rates higher than 3 percent during the same period.
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