A preliminary assessment of socio-economic impact of the COVID-19 on the economy of Kuwait

A preliminary assessment of socio-economic impact of the COVID-19 on the economy of Kuwait

Nov 2, 2020

Given exponential dynamics of COVID-19 spread, it is infecting hundreds of thousands of people and claimed thousands of lives. As a result, global recession is looming which brings about unemployment, drop in public revenues, decline in profitability and long recovery among others. The economy of Kuwait can never be an exception. As of 28 March 2020, the government of Kuwait (GoK) had recorded 235 confirmed cases of COVID-19, with 171 cases under treatment, 64 cases recovered and discharged and somehow fortunate that no community transmission has been reported so far

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