Kuwait Central Bank Sees GDP Growth Of Up To 3.5% 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.