Bahrain GDP Growth Unchanged

Bahrain’s GDP growth will reportedly remain unchanged this year at 2.9%, according to a report by Institute of Chartered Accountants in England and Wales, DTnews reported. The report ‘Economic Insight: Middle East Q4 2016’, stated that the GDP growth in Bahrain should hold up in 2016, unchanged from 2015 at 2.9%. However, with oil output expected to fall, prices remaining low and spending dropping back, growth is expected to slow to 1.7% in 2017. UAE is expected to see GDP growth of 2.3% this year, rising to 2.7% in 2017 as both oil and non-oil sectors improve. GDP growth in Oman is expected at 2.3% in 2016, slowing further in 2017 to just 1.7%.