World Economy

Bahrain Economy Improves

Bahrain Economy ImprovesBahrain Economy Improves

Bahrain’s economy grew 5.1% from a year earlier in the third quarter, according to new figures released by the Bahrain Economic Development Board (EDB), Arabian Business reported. The EDB said the Q3 growth continues the momentum from earlier in 2014 and “reflects the positive impact of the initiation of a number of significant infrastructure projects”. Overall growth for 2014 is forecast to have been in excess of 4%, a statement said. The latest Bahrain Economic Quarterly also highlighted the resilience of Bahrain’s non-oil growth. This was particularly apparent in the construction sector, which experienced acceleration from 3.6% annual growth in Q2 to 12.3% in Q3, making it the fastest growing sector of the economy.