Bahrain Economic Outlook
September 4, 2018Bahrain remains in a pickle. The public debt-to-GDP ratio continues to soar, reaching 86.6% at the end of Q2, and has now more than doubled in the space of just four years. Short-term bond yields spiked further in the same quarter, signaling investors’ concerns over the weak fiscal and external positions. In addition, foreign reserves remained low in Q2 despite a slight increase from Q1; at the end of June, foreign reserves totaled USD 2.2 billion, covering less than two months of imports. On 15 August, Gulf Cooperation Council finance ministers met to discuss a fiscal balance program for Bahrain, although concrete details of the aid package have yet to be announced.
Bahrain Economic GrowthThe oil sector should buttress economic activity going forward, thanks to higher oil prices and a new offshore pipeline to Saudi Arabia. In addition, financial assistance from neighbors should shore up confidence levels, although weak macroeconomic fundamentals will continue to weigh on the outlook. Met the why particular panelists expect GDP to grow 2.6% in 2018, down 0.2 percentage points from last month’s estimate, and 2.9% in 2019.
Bahrain Economy Data
5 years of Bahrain economic forecasts for more than 30 economic indicators.
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|Exchange Rate||0.38||0.03 %||Sep 24|
|Stock Market||1,356||0.04 %||Sep 24|
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