Sunday, 2 September 2012

Bahrain economy shrinks in second quarter | Reuters

Bahrain's economic output fell in the second quarter of this year after moderate growth in the previous three months, data showed on Sunday, as political unrest continued to weigh on the small oil producer.

Gross domestic product, adjusted for inflation, dropped 1.3 percent quarter-on-quarter in April-June compared with 0.9 percent growth in the previous quarter, the figures from the Central Informatics Organisation showed.

The quarterly decline is the first since a 6.6 percent slump in the first three months of 2011, when the government crushed a pro-democracy protest movement led by majority Shi'ite Muslim citizens.

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