Middle East Economic Survey
VOL. LII
No 38
21-Sep-2009
Bahrain
Bahrain GDP Growth Fell To 6% In 2008, Says IMF
The international financial crisis affected Bahrains economy in 2008 due to a deceleration in non-oil activity associated with a drop in financial services, says the International Monetary Fund (IMF) in its closing report to the 2009 Article IV consultation with Bahrain. Real GDP growth declined to 6%, from 8% in 2007. Worldwide de-leveraging, lower oil prices, and the global recession are...
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