- Economy jolted but can rebound
- Fiscal assets are ‘effective buffer’
- Acceleration of non-oil growth
Kuwait’s economy has been jolted by the Iran conflict, exposing its reliance on oil exports and fragile energy infrastructure even as its vast sovereign wealth cushions the immediate shock, and a two-week ceasefire agreed today offers only limited respite.
The disruption is forcing Kuwait to rethink its energy security and accelerate diversification as vulnerabilities in its oil-dependent model are exposed, analysts say,…