Bahrain fiscal deficit expected at 12% of GDP in 2020 -S&P

S&P said it expected the small Gulf country's economy to contract by 5% in 2020

  
Image used for illustrative purpose. Palmtrees along King Faisal Highway in Bahrain. Showing the new developments. On the right the world trade center under a clear blue sky.

Image used for illustrative purpose. Palmtrees along King Faisal Highway in Bahrain. Showing the new developments. On the right the world trade center under a clear blue sky.

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DUBAI - Bahrain's fiscal deficit is seen widening to 12% of GDP this year from 4.6% in 2019, largely due to lower oil prices, S&P Global Ratings said on Saturday.

S&P said it expected the small Gulf country's economy to contract by 5 percent in 2020.

(Reporting by Davide Barbuscia; Editing by Kirsten Donovan) ((dahlia.nehme@thomsonreuters.com;))

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