KUWAIT CITY, Sep 29, 2024 — Kuwait’s M2 money supply surged to 3.00% in August 2024, marking a substantial increase from the previous month’s 1.86%, according to the latest data released. The data, updated on September 29, indicates a notable uptick in the year-over-year comparison of the money supply for the given period.
In July 2024, the M2 money supply halted at 1.86%, reflecting a moderate growth rate when compared to the same month in the previous year. However, by August, this indicator saw a significant rise, reaching 3.00%, indicating improved liquidity and possibly heightened economic activity.
This year-over-year comparison highlights the oscillations within Kuwait’s financial environment and indicates potential underlying economic expansion. Analysts will be keen to dissect these figures further to understand the driving forces behind this increase and its future implications for Kuwait’s economy.
