Bahrain Economic Outlook
January 8, 2019Economic growth moderated in the third quarter, due to a contraction in the mining and quarrying sector and softer manufacturing growth. However, higher oil prices cushioned the slowdown. Looking at the fourth quarter, the large fall in oil prices likely depressed the mining and quarrying sector and dragged on the economy’s performance. Encouragingly, the recently secured financial aid package from the Gulf Cooperation Council motivated Moody’s to upgrade Bahrain’s credit rating outlook from negative to stable in December. Also, in December, Sheikh Salman bin Khalifa Al Khalifa was appointed as the new finance minister following parliamentary elections. Moreover, the value-added tax introduced on 1 January will help narrow the fiscal deficit.
Bahrain Economic GrowthThe construction sector should keep the economy afloat this year, while the financial aid package and subsequent economic reforms should boost business confidence. However, fiscal consolidation will likely hurt domestic demand in the short-term. Met the why particular panelists expect GDP to grow 2.6% in 2019, down 0.1 percentage points from last month’s forecast, and 2.4% in 2020.
Bahrain Economy Data
5 years of Bahrain economic forecasts for more than 30 economic indicators.
Get a sample report showing our regional, country and commodities data and analysis.
|Exchange Rate||0.38||0.03 %||Jan 30|
|Stock Market||1,392||0.04 %||Jan 30|
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.