Bahrain is firmly positioned for accelerated growth and long-term stability, according to a major statement released by the International Monetary Fund (IMF) following its recent Article IV consultation visit to the kingdom.
Led by John Bluedorn, the IMF mission (November 9–20) painted a positive picture of a resilient economy, highlighting that the nation achieved 2.6 per cent real GDP growth in 2024 despite challenging global financial conditions and uncertainty.
The IMF forecasts a substantial uptick, predicting growth to rise to 2.9pc in 2025 and 3.3pc in 2026, driven by major refinery upgrades and robust performance across the non-hydrocarbon sectors, particularly tourism and financial services.
Crucially, the report strongly supports Bahrain’s diversification vision, projecting that the non-oil sector will account for nearly 90pc of the economy by 2030. This medium-term outlook sees real GDP consistently growing at approximately 3pc.
More details in tomorrow's GDN
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