Country Forecast Kuwait Updater
The Economist Intelligence Unit, April 2013, Pages: 18
The emir, Sheikh Sabah al-Ahmed al-Jabr al-Sabah, will remain the ultimate political authority, with important policy decisions determined within the ruling Al Sabah family. A decision by the opposition to boycott the December parliamentary election has resulted in a pro-government National Assembly. There is potential for this to result in more efficient decision-making, but the new parliament is already demonstrating similar tendencies to its predecessors. The opposition will continue to challenge the executive, demanding political reform. Real GDP growth will decline to 4.2% in 2013 as growth in oil production and exports slows. Growth is forecast to average 4.5% a year in 2013-17, supported by rising oil production and fixed investment. The budget and current-account balances will record healthy surpluses in 2013-17.
There are no changes to the political outlook. Tensions between the government and the opposition remain high following the December 2012 election.
There are no significant changes to the economic policy outlook. The Economist Intelligence Unit expects the fiscal account to record large surpluses throughout the forecast period.
Country Forecast Kuwait Updater
Kuwait at a glance: 2013-17
OVERVIEW
Key changes from last month
Political outlook
Economic policy outlook
Economic forecast
Country forecast overview: Highlights
Country forecast overview: Key indicators
Country forecast overview: Business environment rankings
Country forecast overview: Kuwait's business environment at a glance
Policy towards private enterprise and competition
Policy towards foreign investment
Foreign trade and exchange controls
Taxes
Financing
The labour market
Infrastructure
Fact sheet
Outlook for 2013-17: Political stability
Outlook for 2013-17: Election watch
Outlook for 2013-17: International relations
Outlook for 2013-17: Policy trends
Outlook for 2013-17: Fiscal policy
Outlook for 2013-17: Monetary policy
Outlook for 2013-17: Economic growth
Outlook for 2013-17: Inflation
Outlook for 2013-17: Exchange rates
Outlook for 2013-17: External sector
Data summary: Global outlook
Data summary: Gross domestic product, current market prices
Data summary: Gross domestic product, at constant prices
Data summary: Gross domestic product by sector of origin
Data summary: Growth and productivity
Data summary: Economic structure, income and market size
Data summary: Fiscal indicators
Data summary: Monetary indicators
Data summary: Employment, wages and prices
Data summary: Current account and terms of trade
Data summary: Foreign direct investment
Data summary: External debt
Data sources and definitions
Global data
Domestic data
Abbreviations
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