selected business news
"Bahrain sees 4 pct growth in 2010"
Posted July 20, 2010 by Lindsay Roberts
The Economic Development Board (EDB), the governmental body that sets Bahrain’s economic policies, expects Bahrain’s Gross Domestic Product to grow just over 4% this year – compared to 3.2% growth in 2009. The EDB also acknowledged only a slow recovery for Bahrain’s financial sector which is still absorbing the effects of the region’s property crash in 2008. Bahrain’s financial sector accounts for approximately a quarter of the country’s GDP. The EDB predicts that any growth in the near future will thus be due to household consumption as opposed to regional investments.
