#Kuwait Q2 GDP declines 1.2% quarter on quarter - Reuters

Kuwait Q2 GDP declines 1.2% quarter on quarter - Reuters:

Kuwait’s gross domestic product fell 1.2% in the second quarter from the previous quarter, the government said in a statement on Sunday.

The Gulf state’s GDP totalled 9.7 billion dinars ($31.95 billion) at the end of the second quarter.

The oil sector accounted for 53.7% of GDP during the period, down from 54.1% ing the same period a year earlier, the statement said.