Q: What is the National Bank of Kuwait’s (NBK’s) economic outlook for Kuwait for 2022/23?
A: We are cautiously optimistic and confident that the recovery will gather strength over the coming months as higher vaccination rates have enabled the gradual and safe roll back of most Covid-19 restrictions. In the meantime, oil prices have soared, hitting another record high amid increase in global energy demand on economic recovery and the escalation of geopolitical tensions due to the Ukraine conflict.