Bahrain’s economy managed to remain afloat in the aftermath of the financial crisis despite suffering from the sharp fall in oil prices and declines in regional and local real estate markets, among other effects of the crisis, the International Monetary Fund said following its 2010 Article IV Consultations with the country’s officials. IMF forecasts that the economy will grow by 4 percent by the end of 2010 and up to 5 percent in 2011.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.