Fiscal Balance in Bahrain
Bahrain - Fiscal BalanceThe economy likely remained deflated in the final quarter last year, as Bahrain continued to over-comply with OPEC+ oil production curbs. Upbeat point-of-sale transactions through November, however, suggest the non-oil private sector proved resilient in Q4. This comes after growth accelerated in the third quarter, but remained historically downbeat due to lower hydrocarbon output. Turning to the first quarter of 2020, the economy should get a boost from stronger tourism activity as visa prices were slashed from January; however, oil production curbs will constrain activity in Q1, while plunging oil prices in January could jeopardize government revenue and, in turn, push the government to cut back on spending.
Bahrain - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-3.6||-13.0||-13.6||-10.0||-6.3|
5 years of economic forecasts for more than 30 economic indicators.
Bahrain Fiscal Balance Chart
Source: Central Bank of Bahrain.
|Exchange Rate||0.38||0.03 %||Jan 01|
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