Kuwait growth likely to tank in ’23 – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
- Date: 28-Apr-2023
- Source: Arab Times Kuwait
- Sector:Financial Services
- Country:Kuwait
Kuwait growth likely to tank in ’23 – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
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KUWAIT CITY, April 27: The economic growth is declining in Kuwait this year at a much greater rate, to 1.5%, and that growth is also expected to slow in Qatar and Bahrain, to 2.7%, and that the economy of the Sultanate of Oman will grow by 2.6% in 2023, reports Al-Qabas daily quoting Reuters survey.
The agency said the situation of the countries of the region is no exception, as growth is also expected to slow in most major economies this year in light of the impact of raising interest rates on economic activity, along with the impact of high inflation on consumer demand.
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