Despite a number of notable uncertainties in the global economy, Bahrain’s economic outlook remains mostly positive. Largely insulated from international economic turmoil, the kingdom saw more than 6% GDP growth in 2008 and 3% in 2009. In 2012 the economy expanded at a rate of 3.4%, largely due to the robust private sector, which a number of government initiatives are aimed at supporting, such as...
The Middle East Economy
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Chapter | Country Profile from The Report: Bahrain 2013
Building on a centuries-old geostrategic advantage, Bahrain continues to increase its prominence within the region. Energy has given way to a well-regulated finance sector as a leading driver of GDP and wider economic growth. The government is investing heavily in several sectors, especially education and transport, as part of efforts to achieve the goals of its Economic Vision 2030. The GCC has...
Bahrain has remained largely insulated from international external risks and has weathered the global economic shocks of the recent past relatively well. At the height of the international financial downturn, for example, the kingdom avoided falling into recession and even achieved real GDP growth of more than 6% in 2008 and over 3% in 2009.
Articles & Analysis | COUNTRY PROFILE: from The Report: Turkey 2013
Emerging power: Recent changes suggest the country is set to gain greater regional and international influence Interview: Zafer Çağlayan, Minister of Economy Turning the page: Significant development has occurred over the last decade Interview: M Rifat Hisarc›klıoğlu, President, Union of Chambers and Commodity Exchanges of Turkey Interview:...
Articles & Analysis | Going for gold: Olympic bid sets the tone for infrastructure development in Istanbul from The Report: Turkey 2013
The Olympics have often served as international coming-out parties for host nations with emerging economies. Games held in Japan (1964), South Korea (1988) and China (2008) showed that hosting the Olympics and Paralympics can help establish or redefine a country’s global status. Having applied for Istanbul to host the 2020 Summer Games, and...
Articles & Analysis | Soft landing: Growth continues at a slower pace, although more needs to be done to improve industrial competitiveness from The Report: Turkey 2013
With an impressive record of rapid and resilient economic expansion, Turkey looks to the future with confidence in uncertain times. Since 2001 real growth has averaged more than 5% a year, an extraordinary rate for a middle-income country that imports most of its raw materials. A young and mobile population provides a natural tailwind to growth, while a high level of...