Kuwait: Oil prices buoy economy, defence reshuffle as parliament tackles graft


Risk Management
Issue 1161 - 16 Jan 2023 | 3 minute read

Risk Grade B↓2

Mixed outlook but oil buoys economy: The International Monetary Fund (IMF) said economic growth was likely to slow down in 2023, after growing by more than 8% in 2022, thanks to higher than expected oil prices.

 

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Risk Management Report grades

GSN risk grades are intended to provide a broad guide to political and economic stability.

Political risk
Rated according to six grades, from A (most stable) to F (failed state).

Economic and financial risk
Graded from 1 (wealthiest/most sound financials) to 6 (bankrupt).

The grades are intended only to offer an immediate gauge of where risk stands in the regional pecking order. An A or 1 grade does not mean the polity is devoid of risk.

To provide a degree of nuance, risk grades also use trends arrows which go upwards (↑) or downwards () to denote cases where momentum is positive or negative.

The grades do not change regularly: upgrades and downgrades are intended to reflect long-term trends or the impact of an exceptionally changed situation.