Bahrain forecasts 3.1% growth for 2017, yet debt challenges remain
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Bahrain, the smallest GCC economy, projects annual GDP growth of above 3 per cent for the next two years led bythe non-oil sector, but the economy will continue to grapple with high public debt levels, according to the chief economist of the Bahrain Economic Development Board, the state investment agency.
In the first half of 2017, year-on-year growth accelerated to 3.4 per cent. GDP growth for the upcoming fourth quarter is predicted to reach 3.3 per cent as a conservative estimate, according to Jarmo Kotilaine. In 2016, Bahrain's GDP grew 3.2 per cent– almost entirely led by the non-oil sector, which grew by 4 per cent.
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Source : Bahrain forecasts 3.1% growth for 2017, yet debt challenges remain