KUWAIT ECONOMY WHICH WAS DEVASTATED BY PANDEMIC IS BACK TO NORMAL

  • 11/11/2021

Kuwait City: Kuwait's economy on the verge of recovery. A report by the National Bank of Kuwait describes the revival of the Kuwaiti economy. The report points out that the change in the non-oil economy was due to better vaccination and increased consumer transactions.


The decision of the government to give the citizens a time limit to repay their loan installments has given great support to the rapid growth. Significant growth has been recorded in the real estate sector. The local stock market continued to gain momentum as it started the second quarter of this year. At the same time, the average production of Kuwaiti crude oil in September was 2.47 million barrels per day, the report said.

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