New Plant To Support Trade Balance

October 2006 | Industry Forecast

BMI's outlook for Bahrain has not changed over the previous quarter, with our GDP growth forecast remaining at 6.6% in 2006 and 5.8% in 2007. However, we continue to expect a downturn in oil prices from 2007. This will curb GDP growth, because of the negative effect on government spending growth, as well as regional demand for Bahrain's goods and services. The downturn in the stock market seen earlier this year poses a downside risk to growth, because of its impact on domestic consumption and investment throughout the economy, and because of

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