Q: What is the central bank’s expectation for economic growth in 2021/2022?
A: The economic outlook is clouded by heightened uncertainty at present, as we are still in the midst of the pandemic. The recent resurgence in the spread of the virus in Kuwait [from early March] has resulted in a partial curfew scheduled to last until the beginning of April at the earliest. While the arrival of vaccines and the drive to inoculate the public, which is currently underway, has surely improved public sentiment and brightened economic prospects, it will take time before things get back to normal, even if to a ‘new normal’.
