Reports this week suggest that Kuwait’s government will pursue public finance reforms to diversify revenues away from oil, but the reported measures appear to be small in the grand scheme of things. And they don’t seek to improve the poor business environment, which holds back the development of the non-oil economy. In contrast, Saudi Arabia’s updated Investment Law will provide a long-awaited improvement of the environment facing foreign investors. Elsewhere, Morocco’s draft 2025 budget reaffirmed the commitment to tight fiscal policy, but we still think growth will accelerate next year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services