BMI View: Bahrain’s economic growth is expected to accelerate over the next few quarters, driven by a recovery in hydrocarbon output as well as rising business activity in the non-oil economy. We forecast real GDP growth of 3.7% this year and 3.2% in 2014, from 3.4% in 2012. We have raised our outlook for household consumption slightly on the back of the planned expansion in government current spending, and now forecast growth of 6.0% this year (from 4.5% previously) and 4.0% in 2014. Headline Industry Data (local currency) ? 2013 food consumption growth = +6.6% year-on-year (y-o-y); compound annual growth …
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