Bahrain Fiscal Deficit Expected at 12% of GDP in 2020: S&P

2020-05-31 - 6:04 am

Bahrain Mirror- Reuters: 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.

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