Macroeconomic Forecast Kuwait

July 2007 | Macroeconomic Forecasts

We have revised up out oil price assumptions: having previously forecast an average OPEC basket price of US$54.4/bbl for 2007, we now see a US$62.5/bbl. This has resulted in a small upward revision of our current account surplus forecast: we now see a balance of 36.2% of GDP, compared with our previous projection of 28.5%.

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