Kuwait’s GDP contracted by 3.6% last year, thanks in large part to a 4.3% contraction in its oil sector due to the production cuts. The economy shrank again by 1.5% on an annual basis in the second quarter after the oil sector declined 6.8%.
Kuwait’s GDP contracted by 3.6% last year, thanks in large part to a 4.3% contraction in its oil sector due to the production cuts. The economy shrank again by 1.5% on an annual basis in the second quarter after the oil sector declined 6.8%.