Skip to content
Markets
Economics

Pandemic Price Controls Experiment Goes Seriously Awry in Kuwait

A vendor waits for customers at a food market in downtown Kuwait City.

A vendor waits for customers at a food market in downtown Kuwait City.

Photographer: Yasser Al-Zayyat/AFP/Getty Images

Sign up for our Middle East newsletter and follow us @middleeast for news on the region.

Price controls designed to freeze food costs during the coronavirus outbreak in Kuwait have long outlasted the worst of the pandemic, causing indiscriminate economic havoc two years later.