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Bahrain’s GDP recovers to 1.4pc growth in Q3 2020
MANAMA, January 6, 2021 Bahrain’s real GDP grew at 1.4% quarter-on-quarter (QoQ), or 10.8% in nominal terms, during the third quarter (Q3) of 2020, recovering in line with the global economy after the contractions over the first half of the year, a report said. The contractions occurred as a result of the repercussions of the Coronavirus (Covid-19) pandemic and the decline in global oil prices, reported
Bahrain News Agency (BNA), citing the Q3 2020 Bahrain Economic Quarterly report published by the Ministry of Finance and National Economy. Bahrain’s real GDP growth on a quarterly basis comes as a result of the real growth in both the oil sector GDP, of 1.7%, and the non-oil sector GDP, of 1.3%, both QoQ. Meanwhile, the Kingdom’s real GDP contracted in Q3 2020, by 6.9%, and 9.2% in nominal terms, compared to Q3 2019.