Political tensions in the latter part of 2018 slowed the momentum of Sri Lanka’s economy, weakening gains made earlier in the year. Nevertheless, political stabilisation and advances in the export and tourism sectors are expected to drive robust growth over the coming year.
What more can APEC do to promote the development of micro-, small and medium-sized enterprises (MSMEs) in the region?
Higher energy prices and strong increases in gas output helped return Oman’s economy to growth in 2018, with expansion forecast to accelerate in the coming year.
Kuwait’s economy returned to growth in 2018, with higher input from the non-oil sector and increased government investment combining to drive expansion, while reforms to the capital markets and banking sectors should attract further inflows moving forward.
A rebound in agriculture and a return to political stability have helped strengthen the momentum of Kenya’s economy in 2018, with the rollout of large infrastructure projects expected to see this growth continue in the medium term.
Strong gains by the non-oil and gas sector underpinned solid growth in Qatar’s economy in 2018, laying the foundations for further expansion as the country works to mitigate the fallout from the regional blockade and step up efforts to diversify its economy.
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