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Trying times for Kuwait’s economy

Historic enmity between Kuwait’s government and national assembly offer little confidence that the country will pass the economic reforms it desperately needs. 
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Trying times for Kuwait’s economy

A year on from the start of the global coronavirus pandemic, Kuwait’s recovery — in both health and economic terms — remains in the balance. After dropping in late 2020, its Covid-19 infection rates hit new highs in March, raising fears of higher mortality rates and a choking of recovery in the domestic economy.

Fears of a protracted period of lower hydrocarbon revenues appear to have subsided for the time being. After dropping to a 17-year low in March 2020 on the back of lockdowns around the world, and restrictions on local and international travel, the price of oil has risen to above pre-crisis levels, as accelerating vaccine rollouts feed hopes of strong global demand in 2021–2022.

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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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