Bahrain's GDP to rise by 3pct in 2022, thanks to increasing ...| MENAFN.COM

Tuesday, 17 May 2022 10:36 GMT

Bahrain's GDP to rise by 3pct in 2022, thanks to increasing oil costs, output


(MENAFN) According to a recent report by the National Bank of Kuwait, Bahrain's GDP is anticipated to expand 3 percent this year as a result of increasing oil costs and production, as well as a recovery from the coronavirus epidemic.

According to NBK's macroeconomic assessment, the fiscal balance in the Gulf nation, which grew by 2.2 percent last year, is expected to return to surplus the current year, well ahead of Manama's disease outbreak aim of restoring balance by 2024.

However economic production is likely to exceed pre-pandemic points, excessive debt levels continue to be a source of worry. According to the lender, a drop in oil costs or an insufficient fulfillment of the nation’s fiscal balance program (FBP) targets pose threats to development.

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