Bahrain economic growth slows to 2.2 percent in 2011
Bahrain's economy grew 2.2 percent in real terms in 2011, the Gulf Arab country's statistics office head said on Wednesday, a sharp slowdown from 4.5 percent expansion in the previous year.
March 21, 2012 2:01 by kippreport
“This is satisfactory in light of current economic challenges and the economic outlook in the near term looks positive. Improving local and global indicators are also expected to resu lt in economic stability (and) encourage local and foreign investors to reconsider shelved investment decisions,” Central Informatics Organisation president Mohammed Al Amer said in a statement.
“However, restoration of economic growth rates which were prevalent before the crisis will take some time.”
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