GCC business outlook: Kuwait
- Kuwait: Monday, June 08 - 2009 at 10:15
With the election of four women into the Kuwaiti parliament, the Majlis el-Umma, the northern GCC state has proved once more to be an exception in the GCC. However, Kuwaiti citizens are now expecting new initiatives from the government to help diversify the economy. They have good reason to do so: With Kuwait's GDP being heavily dependent on oil revenues, the economy might post its largest decline in 2009, according to the IMF.
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