Consumer durables is a cataloguing of consumer goods that are not essential to be bought very often as they are fashioned in a way so as to last for an extended period of time. Profits in the consumer durables sector were most profoundly…
BMI View: The gradual economic recovery will support the government's plans within the healthcare
sector; however, political instability poses the greatest risk to our outlook. Kuwait's political backdrop is
complicated by labour and population imbalances, as well as a parliament which has consistently blocked
the government's reform efforts. While these healthcare reforms are still likely to be implemented, changes
to the election law reform mean they are vulnerable to lengthy delays as political tensions continue to
Headline Expenditure Projections
? Pharmaceuticals: From KWD300mn (USD1.0bn) in 2015 to KWD310mn (USD1.03bn) in 2016; +4.9%
in local currency terms and +2.9% in US dollar terms. Forecast revised downward from Q316.
? Healthcare: From KWD1.61bn (USD5.34bn) in 2015 to KWD1.74bn (USD5.68bn) in 2016; +8.4% in
local currency terms and +6.3% in US dollar terms. Forecast revised downward from Q316.