| | MARCH 20224 After the dawn of the new millennium, Kuwait, as a country, has manifested great strength in its growth trajectory, ensuring the welfare state of its nationals, who today savor a very high per capita income. In the recent past, the country's economic growth, which was already slow with a 0.4 percent increase in 2019 after the decrease in oil prices, took a huge blow with the arrival of the pandemic. Kuwait's economic growth took a nose dive to - 8.1 percent in 2020. But it was also expected to regain the momentum this year with 0.7 percent growth this year and 3.2 percent in 2022, depending on the post-pandemic global economic recovery, according to the IMF. Government spending, alongside increase in employment and credit growth are the anticipated driving factors of economic activities in the short term; nonetheless, this will depend on stable oil prices.On the other hand, Kuwait's public finances were showing healthy traits until 2020, with a debt-to-GDP ratio of 11.5 percent that year. But the pandemic hit these traits as well, decreasing the expectations to 13.7 percent in 2021 and 27.3 percent in 2022. Going forward, government spending is also expected to increase with a plan to boost credit, employment and wages, while the tax collection remains low as the government has delayed the introduction of a VAT. A fair amount of responsibility falls on the shoulders of the entrepreneurs in the country as well. This issue is about a bunch of entrepreneurs who are acting on that responsibility in an exemplary way.Do let us know your thoughts.Sujith VasudevanManaging Editoreditor@ceoinsightsasia.comEditorialA Collective Effort is Aim BoundVol 04 · Issue 3-9 · March, 2022 Publisher Alok Chaturvedi Managing Editor Sujith Vasudevan Group Art DirectorAshok Kumar NoidaRohit Raghubanshi Garima Anandadvertise@ceoinsightsasia.comEditorial queries editor@ceoinsightsasia.comTo subscribeVisit www.ceoinsightsasia.com/subscribe/ or send emailto subscription@ceoinsightsasia.comCover price is $50 per issue.Editor Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of InfoConnect Web Technologies India Pvt. Ltd., and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2022 InfoConnect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher. Design Mohana Krishnan Souvik AcharyaVP - Sales & Marketing Amrit SinghCirculation Manager Magendran Perumal Editorial Ananth V Aveek Pal Chaudhuri Avinash Roy Mandvi Singh Sthitaprajnya Panigrahi Advertising Queries Ezekiah S. Edward Gopalkrishna Harold Vinson Sharan GM - Sales & Marketing Nagendra Kumar K
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