Monday 12 September 2011

Bahrain expected to avoid 2011 recession despite unrest - ArabianBusiness.com

Robust government spending aided by outside financial assistance will prevent Bahrain's economy from falling into recession this year, Business Monitor International has said in a new report.

Analysts added that it maintains a below-consensus outlook for 2012, project real GDP growth of just 1.2 percent.

"Recently released data showing the Bahraini economy expanding only 0.7 percent year-on-year in Q2 underscores our view that growth would slow sharply in 2011," the report said.


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