Bahrain economy forecast to slow in 2014 on lower oil sector output growth: NBK

Bahrain’s rate of economic growth will slow in 2014 and the kingdom’s budget deficit will rise both this year and next due to lower oil prices, National Bank of Kuwait’s (NBK’s) July macroeconomic report about Bahrain says.

“Economic growth continued to climb in 2013, when a steep recovery in oil production offset the slowdown in non-oil sector growth,” the NBK report said.

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