International Reserves in Bahrain
Bahrain - International ReservesAfter the 1.1% contraction in the first quarter led by a drop in the non-oil sector, the economy is set to have declined sharply in Q2, hampered by the restrictions implemented to contain the pandemic. Q2’s lockdown measures dented an economy already hurt by low oil prices due to falling global demand. Turning to Q3, activity should be recovering following the easing of restrictions. Less positively, on the fiscal front, government debt is on the rise amid a large budget deficit, which could further limit the government’s ability to support a recovery ahead. Consequently, Fitch downgraded the country’s credit rating to B+ from BB- in August. Meanwhile, following the agreement made between the UAE and Israel on 13 August, it is believed that Bahrain could follow the same steps to normalize relations with Israel, which could translate into improved trade relations.
Bahrain - International Reserves Data
|International Reserves (USD)||3.1||2.2||2.3||1.9||3.4|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||0.38||0.03 %||Jan 01|
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