- GDP shrank by 0.7 per cent in 2023 on lower oil prices and production
- 2023/24 deficit is the ninth in 10 years amid bloated public spending
- February dissolution of parliament prompts fifth general election in 10 years
After reaping the benefits of surging oil prices in the immediate wake of Russia’s invasion of Ukraine, Kuwaiti finances reverted to the mean in 2023, as lower prices and production dragged its economy back…
