Lower Growth Trajectory In Kuwait On Revised OPEC+ Production Targets
Country Risk / Kuwait / Wed 05 Jun, 2024
Key View
- We have reduced our forecasts for Kuwait's real GDP growth from 1.0% to 0.7% for 2024 and from 4.5% to 2.7% for 2025 after the OPEC+ decision to extend production cuts and only gradually start bringing oil back to the market from September 2024 onwards.
- Slower oil production growth will reduce Kuwait’s exports, given that oil accounts for