DUBAI, July 4 (Reuters) – Bahrain’s economy contracted 2.11% in the first quarter from a year earlier, hurt by the decline in the non-oil economy as COVID-19 restrictions were in place most of the quarter, government data showed.
The non-oil economy contracted 2.97%, with the hotels and restaurants segment declining by 20.44%. The oil sector grew 2.04% in the quarter.
Gross domestic product contracted 0.10% from the previous three months, the data showed.
Reporting by Saeed Azhar; Editing by William Mallard
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source: reuters.com