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FINANCIAL NEWS
Bahrain’s economy expands 4.6% in Q2
06 Oct 2010
(MENAFN) Bahrain’s Prime Minister Prince Khalifa bin Salman Al Khalifa said that in the second quarter of 2010 the Kingdom’s economy has grown 4.6 percent which is a slower rate compared to the first quarter, Gulf Daily News reported.
Bahrain’s second quarter growth marked a slowdown from first quarter growth of 5.2 percent year-on-year and 1.4 percent quarter-on-quarter.
The PM added that the country’s nominal GDP grew 8.2 percent on an annual basis in April-June and 1.4 percent quarter-on-quarter attributed to higher oil prices and its products as well as a good performance of some non-oil activities.
The kingdom’s economy is expected to grow 3 percent to 4 percent this year, broadly in line with a median forecast of analysts, after 3.1 percent growth in 2009.
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