The International Monetary Fund expects that Kuwait's non-oil economy will remain strong this year, which will support the gross domestic product in the face of fluctuations in oil prices and production and slow growth in external demand.
While growth this year is likely to fall to 0.1 percent, the IMF estimated the non-oil economy to grow by 3.8 percent thanks to fiscal stimulus and a partial recovery in expatriate employment, despite slower real credit growth.
Kuwait has been witnessing repeated political crises for years, which have made it move away from implementing Vision 2035, which includes in many of its axes plans to diversify the economy, which has been dependent on crude oil for decades.
Source (Al-Arab Newspaper of London, Edited)
