Bahrain fiscal deficit expected at 12% of GDP in 2020 -S&P

      Published on Monday, 1 June , 2020      665      
Bahrain fiscal deficit expected at 12% of GDP in 2020 -S&P

  • Bahrain News

Bahrain’s fiscal deficit is seen widening to 12% of GDP this year from 4.6% in 2019, largely due to lower oil prices, S&P Global Ratings said on Saturday.

S&P said it expected the small Gulf country’s economy to contract by 5 percent in 2020.

Reporting by Davide Barbuscia

Category Bahrain News, Business | 2020/06/01 latest update at 3:00 PM
Source : Zawya | Photocredit : Google
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