OPEC member Kuwait needs to correct imbalances in its economy, the country's central bank governor said in comments which raised investor concerns, prompting a sharp drop in the Gulf state's stock market on Monday.
'Sheikh Salem Abdul-Aziz al-Sabah spoke about the economic situation in Kuwait and about the imbalances it witnesses which could lead to a lot of risks at various levels,' state news agency KUNA quoted the central bank governor as saying late on Sunday. Sheikh Salem was speaking at a cabinet meeting, it said.
Sheikh Salem said that such concerns should be addressed by corrections to avoid any negative implications that they might have on the future of Kuwait, KUNA added.
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