Over­view and out­look

Kuwait Times - - BUSINESS -

Growth should im­prove to 3% in FY16/17, be­fore it ac­cel­er­ates to 4% and 5% in FY17/18 and FY18/19.

The float­ing of the pound al­le­vi­ated for­eign cur­rency short­ages, but GDP growth re­cov­ery has been grad­ual.

Fis­cal deficit to nar­row to 11% of GDP in FY16/17 and to 8-9% in FY17/18 and FY18/19 as fis­cal re­form stays the course.

Dou­ble-digit in­fla­tion should ease in late 2017, and fur­ther in 2018, as mon­e­tary pol­icy tight­ens, sta­bi­liz­ing the pound.

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