Monday 1 July 2013

Bahrain economic growth accelerates strongly in first quarter | Reuters

"Bahrain's economic growth accelerated strongly in the first quarter of 2013, helped by a revival of oil output, official data showed on Sunday.

Gross domestic product, adjusted for inflation, expanded 2.5 percent quarter-on-quarter in January-March, compared to a downwardly revised 0.2 percent in the fourth quarter of 2012.

On an annual basis, growth quickened to 4.2 percent in the first three months of 2013, the highest rate in a year, from a downwardly revised 2.5 percent in the previous quarter, the data from the Central Informatics Organization showed."

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