Macro - Country Economic Forecasts - Kuwait
We recalibrated our measurement scopes for Kuwait's oil and non-oil activities to be more aligned with the official data release. As a result, we've revised our 2024 GDP growth forecast down to a 1.9% contraction from 0.5% previously. We attribute our revision primarily to the changes in measurement scopes rather than a shift in our view. In fact, we now project even stronger real GDP growth for 2025 of 3.1%, based on Kuwait's robust credit growth.
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