Kuwait’s inflation rate to grow by 4.9pct

28 Sep 2016

(MENAFN) Kuwait’s economy slowed down last year in line with the decreasing oil production, as stated Qatar National Bank (QNB).Moreover, the parliament approved in Feb 2015 an investment program worth USD116bn, with projects being awarded for USD32bn.The GDP is predicted to increase to reach 3.6 percent this year and to 2.7 percent in 2017/2018.In addition, inflation in Kuwait is projected to grow to 3.6 percent in 2016 and to 4.4 percent and 4.9 percent in the coming year and 2018 respectively.

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