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Country Forecast Bahrain Updater

  • ID: 2101432
  • Country Profile
  • Region: Bahrain
  • 16 Pages
  • The Economist Intelligence Unit
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The Economist Intelligence Unit expects relations between Bahrain and Qatar to remain tense over the forecast period as Bahrain continues to participate in the regional boycott of Qatar. Saudi Arabia is Bahrain's key Gulf backer, and any domestic unrest and economic uncertainty could oblige Bahrain to seek increased support from Saudi Arabia at some point in 2019-23.

We forecast that real GDP growth will pick up in 2019, because of an increase in Bahrain's aluminium and refined oil capacity, before easing in 2020, as the global economy slows. Although falling global oil prices will negatively affect government and private consumption in 2019-20, consumer sentiment will pick up in 2021-23 as oil prices recover.

The current account will remain in deficit throughout the forecast period. However, increasing export earnings, owing to a rise in oil prices, in addition to a pick-up in aluminium and refined oil exports in the latter years of the forecast period, will lead to a narrowing of the shortfall to 4.7% of GDP in 2023, from an average of 6.7% of GDP in 2019-22.
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Country Forecast Bahrain Updater

Country forecast overview: Highlights

Country forecast overview: Key indicators

Country forecast overview: Business environment rankings

Country forecast overview: Bahrain's business environment at a glance
Policy towards private enterprise and competition
Policy towards foreign investment
Foreign trade and exchange controls
The labour market
Technological readiness

Fact sheet

Outlook for 2019-23: Political stability

Outlook for 2019-23: Election watch

Outlook for 2019-23: International relations

Outlook for 2019-23: Policy trends

Outlook for 2019-23: Fiscal policy

Outlook for 2019-23: Monetary policy

Outlook for 2019-23: Economic growth

Outlook for 2019-23: Inflation

Outlook for 2019-23: Exchange rates

Outlook for 2019-23: External sector

Data summary: Global outlook

Data summary: Gross domestic product, current market prices

Data summary: Gross domestic product, at constant prices

Data summary: Gross domestic product by sector of origin

Data summary: Growth and productivity

Data summary: Economic structure, income and market size

Data summary: Fiscal indicators

Data summary: Monetary indicators

Data summary: Employment, wages and prices

Data summary: Current account and terms of trade

Data summary: Foreign direct investment

Data summary: External debt

Data sources and definitions
Global data
Domestic data
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