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.
The Double Whammy on the Kuwaiti Economy, Macroeconomic Effects of the Coronavirus and Oil Price Shocks

Authors

Ayele Gelan

Research Economist, Kuwait Institute for Scientific Research...

The Double Whammy on the Kuwaiti Economy, Macroeconomic Effects of the Coronavirus and Oil Price Shocks

Research Fellows

Sulyman Al-Qudsi

Principal Research Specialist, Kuwait Institute for Scientific...

The Double Whammy on the Kuwaiti Economy, Macroeconomic Effects of the Coronavirus and Oil Price Shocks

Authors

Ahmed Al-Awadhi

Associate Research Scientist, Kuwait Institute for Scientific...