Middle East Economic Survey

VOL. LII

No 26

29-Jun-2009

Bahrain

Bahrains Current Account Balance Contracting, Says CBB

Lower oil prices and the adverse effects of the global recession are expected to affect negatively the value of goods in Bahrains current account balance this year, forecasts the Central Bank of Bahrain (CBB) in its recently published Balance of Payments Report 2008. This current account balance will shrink further in 2009 after coming under pressure last year due to the global...