Bahrain’s economy will continue to show robust performance in 2005, provided the government pushes ahead with its various economic and social reforms after its economy continued its forward momentum in 2003 and is on course for another year of stupendous growth this year, according to a report prepared by the Kuwait-based Global Investment House (GIH).
In June, the International Monetary Fund (IMF) painted a rosy picture of Bahrain’s economy praising the overall performance of the country. IMF described the management of the economy as prudent and stated that it had resulted in consistently high GDP growth, low inflation and manageable debt situation. The fund also appreciated Bahrain’s drive toward trade liberalization.
