Bahrain sees 5.4% economic growth in Q4

28 Apr 2010

(MENAFN) BahrainÂ’s gross domestic product (GDP) grew 5.4 percent during the fourth quarter last year, over the corresponding period a year earlier, Reuters reported.

The 5.4 percent growth also compares to a 1.1 percent GDP growth in the third quarter, the official statistics office said. BahrainÂ’s central bank projects that the economy would grow between three and four percent this year, helped by the global recovery and higher oil prices.

In 2009, the country saw a budget deficit for the first time since at least 2005, as average oil prices were below its estimated budget break-even of $70 to $80 per barrel.

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