Mubasher: Bahrain’s gross domestic product growth slowed to 2.4% in the third quarter of 2015 compared with the same period a year ago, Bahrain News Agency (BNA) said Tuesday, citing preliminary data issued by state-run statistical body.
The decline in oil revenues led to lower public spending, prompting the Bahraini government to take actions aimed to ensure economic stability and reduce effect from crude prices volatility.
The government also seeks to find alternative means and mechanisms to boost non-oil revenues without causing inflationary waves that hurt the national economy or currency.
The oil sector fell by 1% at fixed prices and 40.4% at current prices, while the non-oil sector rose by 3.3% at fixed prices and 5.1% at current prices.
