Bahrain economy shrinks in Q2 as financial sector weighs | Reuters:
"* Real GDP falls 0.3 pct q/q vs +2.5 pct in Q1
* But economy grows 5.3 pct y/y, most since Q4 2010
* Hydrocarbon output up, financial sector drops
DUBAI, Oct 2 (Reuters) - Bahrain's economy shrank 0.3 percent from the previous quarter in the April-June period, its first quarterly drop in a year, largely because of weakness in the financial sector, official data showed.
Gross domestic product, adjusted for inflation, had expanded 2.5 percent quarter-on-quarter in the first three months of 2013. The small non-OPEC oil producer last experienced a quarter-on-quarter contraction in April-June 2012.
On a year-on-year basis, however, GDP growth quickened to 5.3 percent in the second quarter of 2013, the highest rate since the final quarter of 2010, from 4.2 percent in January-March, the data from the Central Informatics Organisation showed."
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