Kuwait-Mubasher: The economic growth of 2016 is forecast to be marginally better than 2015 and 2014, the National Bank of Kuwait (NBK) said in a statement.
NBK noted that the International Monetary Fund (IMF) has expected a growth of 3.6% in the global gross domestic product (GDP), despite the worries from China’s economic crisis.
The US Federal Reserve said it will raise the interest rates by 150 basis points by September 2016, while other forecasts suggest a hike of 150 basis points, said NBK.
