OilPrice
The International Monetary Fund (IMF) has predicted that Kuwait’s economy will remain in a recession due to the ongoing OPEC+ oil production cuts. “The economy is projected to remain in recession under the baseline in 2024, then to recover over the medium term,” the IMF said a week after OPEC+ announced it was extending voluntary cuts of 2.2 million barrels per day until April 2025…
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Kuwait’s Economy Struggles as Oil Production Cuts Persist
Jeanice Lupo
01:20
The International Monetary Fund (IMF) has predicted that Kuwait’s economy will remain in a recession due to the ongoing OPEC+ oil production cuts. “The economy is projected to remain in recession under the baseline in 2024, then to recover over the medium term,” the IMF said a week after OPEC+ announced it was extending voluntary