Bahrain Economic Outlook
October 2, 2018The Bahraini economy rebounded in Q2 chiefly on the back of the non-oil sector, while the oil economy only expanded at a meager rate. The external position remains a worry, however, despite a recovery in international reserves in August on higher oil prices. This should ease market fears over Bahrain’s ability to meet its debt repayments and reduce currency pressures; nevertheless, a sustained improvement in investor sentiment will depend on the details of the Gulf Cooperation Council (GCC) aid package announced in late June. Meanwhile, on the political front, it was announced in late September that Bahrain will hold parliamentary elections in November.
Bahrain Economic GrowthHigher oil prices and the construction sector should buttress the economy in H2 and next year, while a financial assistance package from GCC neighbors should shore up weak public finances. However, fragile macroeconomic fundamentals remain a downside risk. FocusEconomics panelists expect GDP to grow 2.5% in 2018 and 2.8% in 2019, down 0.1 percentage points from last month’s forecast.
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 %||Oct 12|
|Stock Market||1,316||0.04 %||Oct 12|
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