Bahrain’s economy to slow further in 2016-17, IMF says

Dubai: Bahrain’s economy is expected to slow further in 2016 and 2017, weighed down by weak investor sentiment and fiscal adjustments, with financial outflows expected to continue, according to the International Monetary Fund (IMF).

The fund expects Bahrain’s fiscal deficit to touch 19.5 per cent of gross domestic product (GDP) this year and sees it remaining high over the medium term, despite measures to ensure fiscal sustainability, according to the IMF’s latest Article IV Consultation paper on the Gulf country.

The Gulf country has seen revenues take a hit from falling oil prices, with its GDP slowing to an estimated 3.2 per cent in 2015 from 4.5 per cent the year before.

Source