Kuwait Economy Needs to Diversify – IMF

  • Date: 28-Jan-2020
  • Source: Gulf Insider
  • Sector:Economy
  • Country:Kuwait
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Kuwait Economy Needs to Diversify – IMF

Subdued oil prices and output are weighing on near-term growth prospects and external and fiscal balances in Kuwait, according to the International Monetary Fund (IMF).. The IMF report said non-oil growth in Kuwait strengthened in 2019, but lower oil prices and output are weighing on the oil sector..