Thursday, 2 May 2013

Kuwait Food and Drink Report Q3 2013

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Kuwait Food and Drink Report Q3 2013
May 1st 2013, 00:00

Our outlook on Kuwait''s food and drink sector remains strong, and with robust domestic consumptioncontinuing to drive growth, the Kuwaiti economy is expected to perform relatively well over 2013.However, a plateau in oil production means that Kuwait is unlikely to achieve the breakneck pace of growthseen in previous years, and we have revised downward our real GDP forecast for 2013 to 3.0%, from 3.7%previously. Private consumption remained strong through the second half of 2012, and is likely to hold upwell in 2013. Kuwaiti nationals are still benefiting from the across-the-board increases in public sectorwages and social security transfers approved in 2012, which he...

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