Wealth masks economic stagnation.
The author reflects on the current state of Kuwait's economy. He mentions that with a record budgetary surplus of almost $35 billion expected in 2008, Kuwait is one of the world's richest countries. However, he points out that political stagnation would make the country's economic growth lag behind...
| Publicado en: | MEED: Middle East Economic Digest Vol. 52; no. 13; pp. 32 - 34 |
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| Autor principal: | |
| Formato: | Editorial |
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MEED Media FZ LLC
3/28/2008
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| Sumario: | The author reflects on the current state of Kuwait's economy. He mentions that with a record budgetary surplus of almost $35 billion expected in 2008, Kuwait is one of the world's richest countries. However, he points out that political stagnation would make the country's economic growth lag behind other Middle East states. He argues that Kuwaitis should feel richer with nominal GDP has more than doubling to $101.6 billion from $38 billion in 2002 |
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