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Bahrain consolidated its recovery from the Covid-19 pandemic by achieving 2.2% GDP growth in 2021 before accelerating to 4.9% in 2022. To leverage the advantage of elevated oil prices, the country introduced an Economic Recovery Plan in late 2021 in an effort to stimulate sustainable and broad-based growth. This plan aims to improve public finances, catalyse investment in major infrastructure projects, and enhance economic competitiveness through the development of human capital and high-potential industries. ....
After weathering a series of global and regional challenges in recent years, Bahrain is emerging from the Covid-19 pandemic with strong growth, rising government revenue and a new plan for the future economy. As energy and tourism earnings recover, the kingdom aims to generate sustainable long-term growth opportunities through new sector strategies and transformational infrastructure projects. These positive developments build on the country’s robust financial services and manufacturing sectors, which have helped make it one of the most diverse economies in the Gulf. ....