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FINANCIAL NEWS
Kuwait realizes major risks in oil dependence
25 Mar 2016
(MENAFN) Amid the aftermath of the continuous fall in oil prices, Kuwait needs to cultivate a complete economic reform program targeted at firming integration between different economic segments, as many top economists have stressed.
Additionally, the experts also believe that the nation must develop a productive base to move away from financial risk in domestic market, especially that the country’s economy experiences great control from the oil sector.
In accordance, oil prices and the capacity of oil production are currently two determining aspects to the country’s Gross Domestic Product (GDP), particularly to the rate of growth and stability, which is far from being good news.
Basically, the process of economic improvement lies in the search for alternative resources away from oil revenues in order to widen the base of income sources and to reach stability in the overall financial sources.
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