Kuwait Central Bank Sees GDP Growth Of Up To 3.5% In 2014

Kuwait also expects its ratio of non-performing loans to decline in 2014.



Kuwait’s economy is expected to grow between 3.0 and 3.5 per cent this year, the Gulf Arab state’s central bank governor said on Wednesday.

Mohammad al-Hashel also told reporters on the sidelines of a meeting of Gulf Arab central bankers that there would be less non-performing loans in Kuwait this year compared to 2013.

Analysts in a Reuters poll in January expected GDP growth of 2.8 per cent in Kuwait in 2013 and 3.0 per cent in 2014.