BACK ON TRACK
Bahrain’s ability to bounce back and return to the pre-pandemic growth momentum has been upheld, a periodic report for the second quarter of this year showed.
A Cabinet session yesterday, chaired by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, reviewed the memo on the Quarterly Economic Survey Q2 2021 by Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa.
The preliminary results of the nominal Gross Domestic Product (GDP) indicated that the economy grew by 20.7 per cent during the second quarter of 2021 compared with the same period last year.
The non-oil sectors, which grew by 12.8pc, were the driving engine that enabled the national economy to bounce back.
The real GDP growth rate topped 5.7pc on an annual basis, which reflects the success of national efforts to mitigate the fallout of the pandemic.
The latest development reflects last week’s recovery report, as highlighted in the GDN.
Source: https://www.gdnonline.com/Details/978316/BACK-ON-TRACK
