Kuwait's real estate sector will recover from its current slump by the second half of 2009, a leading local economist told Kuwait News Agency (KUNA). Adnan al-Haddad, chief executive of Group Gulf, said the country's real estate had declined between 30-40% in the last two months. However, the market was bound to regain its strength once the signs of recovery in oil prices and the stock market and the rebound from the global economy start, possibly in the second half of the year 2009, he said.