Conference Paper
The Double Whammy on the Kuwaiti Economy, Macroeconomic Effects of the Coronavirus and Oil Price Shocks
Date
March, 2021
Topic
E. Macroeconomics and Monetary Economics
During the first quarter of 2020, the Kuwaiti economy began to receive two major concurrent shocks – the COVID-19 and the sharp fall in the price of oil in the world market. These were powerful events with double whammy effects on the country’s economic fabric. This paper focusses on quantifying the macroeconomic effects of the combined exogenous shocks.
Authors
Ayele Gelan
Research Economist, Kuwait Institute for Scientific Research...
Research Fellows
Sulyman Al-Qudsi
Principal Research Specialist, Kuwait Institute for Scientific...
Authors
Ahmed Al-Awadhi
Associate Research Scientist, Kuwait Institute for Scientific...