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Kuwait maintains stable economy
(MENAFN) Kuwait is preserving stability in its economic growth, with a 2.6 percent surge in its GDP growth from January to March 2019.
Official data revealed that the Kuwaiti non-oil sector growth is forecast for a 2.5 percent jump by the end of this year.
In a report, the National Bank of Kuwait (NBK) stated: "although the need for macroeconomic and structural reforms to boost long-term non-oil growth and strengthen the public finances persists, in our view the economy is reasonably well-placed to cope with any moderate slowdown in global growth and consequently oil prices over coming quarters."
This comes amid serious doubts revolving around the development of the international economy with global tensions.
Official data revealed that the Kuwaiti non-oil sector growth is forecast for a 2.5 percent jump by the end of this year.
In a report, the National Bank of Kuwait (NBK) stated: "although the need for macroeconomic and structural reforms to boost long-term non-oil growth and strengthen the public finances persists, in our view the economy is reasonably well-placed to cope with any moderate slowdown in global growth and consequently oil prices over coming quarters."
This comes amid serious doubts revolving around the development of the international economy with global tensions.
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