Precautionary measures being studied in consideration of possible recession

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KUWAIT CITY, Aug 30: While the pessimistic expectations about the future of major European markets are increasing, with the possibility of experiencing a stagnation in the winter and slow growth until 2024, informed sources say, “The investments of the Public Authority for Foreign Investment, especially in the European markets, are witnessing a balance, accompanied by a package of precautionary measures that enable it to deal with any eventualities, reports Al-Rai daily.

They explained that, “The authority is following up on what is being raised about the possibility of a recession, the classification of which in some European markets may reach the peak, i.e. “code red”. This will not be met with sudden and hasty measures but it will instead be based on extensive studies in line with the international institutions that the authority cooperates with, and in accordance with the implementation plans approved by it.

The authority’s investments are stable, and the markets and the investment opportunities available in them have been previously targeted according to medium-term and long-term plans and based on extensive studies that take into account the economic dimensions and growth rates of each market, as well as in consideration of the possible risks, including stagnation or infl ation. The authority looks forward to all developments in the markets in which it invests continuously”.

This news has been read 20199 times!

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