Middle East Economic Survey


No 38



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...