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Bahrain’s non-oil sector projected to grow by 3.9 per cent in 2016

“Inflation rates remained stable during recent months, while general inflation rate rose slightly”

Bahrain’s gross domestic product (GDP) is expected to record a growth rate of 3.9 per cent at constant prices during 2016, compared with 4.6 per cent in 2015 and 4.2 per cent in 2014.

According to a recent report that sheds light on the future of the local economy, issued by the Economic Development Board, the growth rate of the non-oil sector is expected to reach 4.5 per cent in 2015 compared with 4.6 per cent in 2014.

With regard to the GDP growth rate at current prices, the report predicted that it would reach 3.2 per cent, compared with 2.9 per cent last year and is projected to rise to 8.6 per cent in 2016, reports Bahrain-based Al Watan news.

On the other hand, the report added: “Inflation rates remained stable during the recent months, while the general inflation rate rose slightly by 1.1 per cent (the lowest recorded during the recent years) in July, on an annual basis, from two per cent in 2015.