Bad news: the next economic downturn will be much worse. The International Crisis Group is an independent, non-profit, non-governmental organisation committed to preventing and resolving deadly conflict In brief. Bahrain’s economy is projected to post a moderate level of growth at an average of 2.2% over 2020-2021 as the economy continues to rely on its limited oil revenues to underpin the safety net for citizens while furthering diversification. The economy will contract sharply in 2020 and Bahrain will struggle financially owing to the impact of Covid-19 on global demand and … The Bahrain conference: what did, and didn’t, happen . The 2030 Economic Vision, launched by His Majesty King Hamad Bin Isa Al Khalifa in October 2008 embodies a comprehensive vision for the Kingdom of Bahrain that aims at creating a clear approach to develop the kingdom’s economy while focusing on the main objective, which aspires to improve the living standards of all Bahraini Citizens.. Share on Facebook Share on Twitter Pinterest LinkedIn Tumblr Email. Bahrain is a crucial ally and client state of Saudi Arabia, which fears growing influence of Iran among the Shiite majority population of the country. However, an aid package from other Gulf states, announced in late 2018, and an accompanying fiscal-adjustment plan, as well as growth on the back of a partial oil price recovery and a recent major oil and gas discovery, offer hope for a turnaround in 2019.

It comes after Bahrain’s national electronic wallet BenefitPay announced a 1257% increase... Read more. Bahrain attracted $942 million of Foreign Direct Investment (FDI) in 2019, according to the latest World Investment Report (WIR 2020) from the UN Conference of Trade and Development (UNCTAD). Although economic activity has recently started to show some stability, it is not expected to record high growth rates as previously. By Yumna Patel June 28, 2019. Oil and natural gas play a dominant role in Bahrain’s economy. In the last few years lower world energy prices have generated sizable budget deficits - about 10% of GDP in 2017 alone. It includes provisions amounting to 70bn dinars to mitigate the health and economic impacts of the COVID-19 crisis. Government Debt in Bahrain remained unchanged at 12045.40 BHD Million in the fourth quarter of 2019 from 12045.40 BHD Million in the third quarter of 2019. The GCC is set to experience a surge in the use of FinTech platforms as consumers turn away from physical offerings during the ongoing global COVID-19 outbreak. According to Unctad, FDI inflows to Bahrain were $1.515bn in 2018, 6.7pc higher than $1.42bn in 2017. Franklin Templeton Investments cuts its debt holdings in Bahrain, citing the 'very serious' threat of a crisis in the next 12 months Franklin Templeton Investments has cut back its debt holdings in Bahrain, citing the “very serious” threat that the cash-strapped nation will experience an economic crisis in the next 12 months if financial aid from neighbours doesn’t come through. Good news: 2019 won't be horrible. Bahrain. May 11, 2020.

This is the third consecutive year that Bahrain has attracted FDI in the region of $1bn, most notably bucking global trends in 2018 at a time when global flows had sunk to their lowest level since the global financial crisis.

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