Bahrain’s GDP continues to grow despite the social unrest
Higher oil and manufacturing revenues helped to offset the decline in Bahrain’s services sector in the second quarter of this year. What’s more, although the country’s GDP grew by only 0.8% y/y in Q2 (down from 1.8% y/y in Q1), it has performed better than anticipated. Accordingly, we now expect Bahrain’s output to grow by 2% in 2011 – our previous forecast was 0%....
Chief Global Economist
Chief Emerging Markets Economist
Senior Emerging Markets Economist
Middle East Economist