HSBC Economists Forecast Positive Growth for Kuwait, Backed by Sovereign Wealth

Kuwait, 26 November, 2024 : HSBC’s top economists gathered in Kuwait for the bank's annual Economic Roadshow, where they presented their outlook for the nation’s economy. Despite global economic challenges, HSBC economists emphasized Kuwait's strong growth potential, underpinned by its substantial sovereign wealth, which provides flexibility for future development and diversification.

Samer Alabed, CEO of HSBC Kuwait, highlighted that with the right policies and investments, Kuwait is poised for accelerated growth. Simon Williams, HSBC’s Chief Economist for CEEMEA, noted that while Kuwait faces short-term challenges, its long-term prospects remain positive, supported by ample financial resources for navigating global uncertainties and investing in growth.

Over 100 clients and business leaders attended the event, where presentations were delivered by HSBC’s Global Research team, including Stephen King, Senior Economic Adviser, and James Pomeroy, Global Economist.