BAHRAIN: DESPITE SLOWING ECONOMIC GROWTH, THE REFORM DRIVE OFFERS A POSITIVE OUTLOOK

   Thu, 02 February 2023

Higher oil revenues and progress on structural reforms have improved economic prospects in Bahrain, with COVID-era financial vulnerabilities giving way to stronger fiscal positions and solid projected economic growth rates. Government plans in 2023 for diversified growth are expected to deepen the kingdom’s capital markets, stimulate job creation, and cement Bahrain’s position as a centre for innovation. The latent risks are mostly linked to expected lower oil prices in 2023, which could potentially delay some ongoing reforms and could push fiscal balances back into deficit.

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