Bahrain's economy to grow 3pc in 2022.

Bahrain's economy is expected to grow 3 percent in 2022 on the back of higher oil prices and output and a rebound from the Covid-19 pandemic, according to a new study from the National Bank of Kuwait. Fiscal balance in the Gulf country- which posted a 2.2 growth in its gross domestic product in 2021 - is projected to swing back into a surplus this year, well ahead of Manama's pandemic-delayed target of achieving a balance by 2024, NBK said in its macroeconomic outlook. While economic output is expected to surpass pre-pandemic levels, high debt levels remain a concern. Any retreat in oil prices or an incomplete implementation of the country's...