Kuwait GDP growth seen at 2.8 pct – Inflation projected at 3.2% – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
- Date: 27-Jan-2023
- Source: Arab Times Kuwait
- Sector:Financial Services
- Country:Kuwait
Kuwait GDP growth seen at 2.8 pct – Inflation projected at 3.2% – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
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UN FORECASTS FALL IN GLOBAL GROWTH TO 1.9% IN ’23
UNITED NATIONS, Jan 26, (AP): The United Nations forecast Wednesday that global economic growth will fall significantly to 1.9% this year as a result of the food and energy crisis sparked by the war in Ukraine, the impact of the COVID-19 pandemic, persistently high inflation and the climate emergency. Painting a gloomy and uncertain economic outlook, the U.N. Department of Economic and Social Affairs said the current global economic slowdown “cuts across both developed and developing countries, with many facing risks of recession in 2023.” Kuwait’s real GDP is projected to grow 2.8 percent in 2023 and 2.1 percent in 2024. Consumer price inflation in Kuwait is seen at 3.2 percent in 2023 and 3.3 percent in 2024.
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