CATEGORY: Focus Reports
Although still largely reliant on hydrocarbons, Kuwait has a number of macroeconomic strengths that helped it withstand the most severe impacts of the pandemic, including high GDP per capita, a strong sovereign credit rating and a deep sovereign wealth fund.
Indonesia’s robust economic growth in the years leading up to the pandemic, combined with low public debt, provided the country with a stronger cushion than in previous global crises.
Thailand’s past experiences in mitigating global and financial health crises – coupled with robust medical infrastructure, and the ingenuity and adaptability of businesses and the wider population – have combined to keep the Covid-19 transmission and fatality rate relatively low in the country so far.