Bahrain's economy shrank 5.51% y/y in Q4 - government data

DUBAI: Bahrain's real gross domestic product declined by 5.51% year on year in the fourth quarter of 2020 while on a quarterly basis it was unchanged, government data showed on Tuesday.

The tiny oil producing Gulf state's economy contracted by 5.4% last year, according to the International Monetary Fund, hit by the COVID-19 pandemic and lower oil prices.

 

Source: https://www.zawya.com/mena/en/economy/story/Bahrains_economy_shrank_551_yy_in_Q4__government_data-TR20210406nL1N2LZ07XX1/

 

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