Bahrain’s GDP set to double in 2022 on high oil: ICAEW

Boosted by rising oil prices and increasing oil production, Bahrain’s short-term economic outlook remains positive, leading to a much higher GDP growth forecast of 4.4% for 2022, double the pace in 2021, a report said.

According to the latest Economic Insight report for the Middle East, commissioned by ICAEW and compiled by Oxford Economics, Bahrain’s positive outlook is underpinned by a 5.5% rise in the oil economy, outpacing…