Mubasher: The economic growth rate of Kuwait is expected to reach 3% during 2019, and 3.3% in 2020, the Arab Monetary Fund (AMF) said.
This estimated growth rate is attributed to investing in a number of projects in the oil and refining sector, including the $16 billion worth of investment in Al Zour oil filed, in addition to Clean Fuels Project with a value of $12 billion.
The AMF also expected Kuwait's inflation to rise to 1.2% in 2019, and 1.8% during 2020.
The nation's trade balance surplus is forecast to decrease by 5.3% to KWD 35.5 billion in 2019, while it would reach $12.3 billion in 2020.
