Saturday 8 June 2013

Public spending eases Bahrain’s return to growth mode | GulfNews.com

"The public sector is playing a pivotal role in reviving economic prospects in Bahrain and for understandable reasons.
In fact, private sector establishments look up to the government to lead the investment drive ever since the outbreak of socio-political developments in February 2011. It is believed that strong governmental spending is essential in order to encourage other investors follow suit.
Not surprisingly, steady spending is leaving its imprints on economic growth rates. The Economic Development Board (EDB), which has the authority to develop economic policies and strategies, is projecting a strong growth rate of 5.6 per cent in 2013. However, the EDB puts GDP growth at a modest 3.4 per cent in 2012 mainly due to adverse developments in the petroleum sector."

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