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FINANCIAL NEWS
Bahrain’s non-oil sector to grow 4.6 percent in 2015
08 Oct 2015
(MENAFN) Bahrain’s non-oil sector is on target to grow by 4.6 percent this year, according to data by the Bahrain Economic Development Board (EDB).
Overall growth is expected to reach 3.6 percent with output in the oil sector forecast to be flat, the EDB said in a figures statement.
Its report also highlighted the positive performance of the Bahrain labor market, which showed an unemployment rate of 3.1 percent in June, the lowest point in several years.
EDB said the non-oil sector has been supported by strong credit growth with an increase in lending from an annual rate of 5.7 percent in June to 7.7 percent in July.
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