Last year was another excellent year for Kuwaiti economy, as it continued an exemplary performance. Today, Kuwaiti economy is still performing well and now they are counting 2008 as the sixth year of economic stability.
Other factors exerting more inflationary pressures have been the lending spree and expansionary domestic credit facilities by domestic banks to residents that had much of impact in increasing liquidity in the system. Moreover, the US Federal Reserve decisions regarding its interest rates had exerted another pressure on the region’s currencies and inflation levels for the last period. This is especially after the sub-prime crisis and the fear of serious recession within the US economy.
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Other factors exerting more inflationary pressures have been the lending spree and expansionary domestic credit facilities by domestic banks to residents that had much of impact in increasing liquidity in the system. Moreover, the US Federal Reserve decisions regarding its interest rates had exerted another pressure on the region’s currencies and inflation levels for the last period. This is especially after the sub-prime crisis and the fear of serious recession within the US economy.
more...
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