Kuwait CBG sees positive financial prospects

Central Bank of Kuwait governor Mohammad Y Al-Hashel talks to John Everington about identifying credit growth and the likelihood of further consolidation.

by John Everington

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Q: What is the Central Bank of Kuwait’s [CBK's] expectation for economic growth in Kuwait in 2020?

A: Our initial estimates for national accounts statistics indicate real gross domestic product growth of 0.4% in the third quarter of 2019 year on year, after increasing by 2.6% and 0.4%, respectively, during the first and second quarters. Growth was driven mainly by the strong non-oil growth [7.8% during the third quarter].

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John Everington

John Everington is the Middle East and Africa editor. Prior to joining The Banker, John was the deputy business editor of The National in the UAE, and has also worked for Dealreporter, Arab News and The Telegraph. He has also covered the telecom sector in Africa and the Middle East, living and working in Qatar and the UK. John has a BA in Arabic and History and an MA in Middle Eastern Studies from the School of Oriental and African Studies (SOAS) in London.

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