By Avinash Saxena
Bahrain’s economy is expected to grow at 2.4 per cent this year and 3.1pc in 2022, the IMF has said in the latest update to its World Economic Outlook.
Analysing the latest report by the IMF, Kuwait-based Kamco Invest said yesterday real GDP forecast revisions for the GCC countries remain mixed for 2021 and largely positive for 2022.
Growth rates for Oman, Saudi Arabia and Kuwait have seen upward revisions of 70bps, 40bps and 20bps, respectively, and were slashed by 90bps for Bahrain and UAE and by 50bps for Qatar.
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