Bahrain economy to grow 4 per cent in 2010

14 March 2010

Finance minister expects Bahrain growth to exceed 2009

The economy of Bahrain will grow by about 4 per cent in 2010, according to the country’s finance minister Sheikh Ahmed bin Mohammed al-Khalifa.

Speaking in Bahrain on 11 March, Sheikh Ahmed said, “Economic growth is still continuing. Last year, Bahrain grew by about 3 per cent and we expect about 4 per cent real growth this year.”

“We have also seen that job creation is still positive, even in the financial sector. All the indicators are positive, though they are now growing at a slower rate.”

He added the government has put an additional BD202m ($535m) into the budget for 2010 for infrastructure investment spending as part of its plans to help stimulate economic growth.

Sheikh Ahmed said in mid-February that the regional recovery in 2010 would be “modest and patchy”.

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