Bahrain should achieve economic growth of 2.4 per cent this year and that should rise to 2.9 per cent next year, said investment bank Merrill Lynch in its outlook for 2013.
That is against a rise of global growth from 3.1 per cent to 3.2 per cent next year but at a time when the bank is predicting a dip in US growth from 2.1 per cent to 1.5 per cent and a continued slight recession in the euro zone.
Bahrain and much of the region were positive because of the strength of oil and continuing diversification, Johannes Jooste, Merrill Lynch head of strategy for Europe, the Middle East and Africa, was quoted as saying in our sister publication, the Gulf Daily News.
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