Recovering of Bahrain’s economy in Q2 2020

Bahrain

The Kingdom of Bahrain’s Business Confidence Index (BCI) reported that 84% of investors expect that Bahrain’s economy and the investment climate is about to improve or stabilize in the second quarter (Q2) of 2020.

According to the Information & eGovernment Authority’s (iGA) Statistics & Population Registry Directorate, Quarterly Business Perception Survey (QBPS), a slight drop of 2.75 registered in the second quarter (Q2) of 2020 compared to the first quarter (Q1).

As for Business Performance in Q2 2020, 39.3% of companies expressed an optimistic outlook on commercial activities. The results show that 44.6% of the companies expected that Bahrain’s economy will show stable performance, compared to 16.1% who were dissatisfied with Business Performance.

The survey showed that 25.2% of companies are satisfied with their performance in the first quarter, while 20.6% are not satisfied. A total of 54.3% reported business stability, with the current status of the new Coronavirus (COVID-19) epidemic.

The strongest business confidence based on performance was shown by banks, real estate companies, and establishments with turnovers of at least BD1 million.

The survey was conducted in cooperation with the Bahrain Economic Development Board, the Ministry of Industry, Commerce & Tourism, and the Central Bank of Bahrain (CBB), with the aim of providing information for investors, decision-makers, and economic policymakers.