Kuwaiti economy outlook subject to uncertainty and risks – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
- Date: 06-Jan-2023
- Source: Arab Times Kuwait
- Sector:Financial Services
- Country:Kuwait
Kuwaiti economy outlook subject to uncertainty and risks – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
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IMF chief cautions of ‘tough year’ for world economy
KUWAIT CITY, Jan 5: The International Monetary Fund stated that the outlook for the Kuwaiti economy is subject to uncertainty and risks surrounding the external environment including the potential effects of monetary policy tightening in major advanced economies and further global slowdown, reports Al-Rai daily. The IMF expert mission, on the occasion of the end of its visit to the country, explained that fluctuations in oil prices and the quantities of its production, as a result of external factors including the geopolitical environment, would affect economic activity. The delay in major financial and structural reforms may lead to an increase in the risks of pro-cyclical financial policies, impeding progress towards greater economic diversification and increased competitiveness.
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