"This result was driven by a solid economic performance supported by sustained real gross domestic product growth
of 6.2 percent in 2018 and an increase in labor force and employment levels," IMD said.
Bahrain's real gross domestic product growth
was 3.6 per cent during the first nine months of last year, the highest in the region.
Real gross domestic product growth
accelerated to 1.9% year over year in Q3, up from 0.3% the previous quarter.
After weathering the turbulence caused by low oil prices, the UAE has managed a soft landing with non-oil real gross domestic product growth
bottoming out as the fiscal drag eased and infrastructure activity picked up, analysts at Bank of America Merrill Lynch said.
BDL claims that its stimulus packages ($1.46 billion in 2013, increased by $920 million in 2014, an additional $990 million in 2015 and another $1 billion more announced this November), whose primary role has been to spur job creation, have made a "sizeable contribution to GDP." BDL says that "the stimulus packages of 2013 and 2014 proved to be successful, contributing around 50 percent of real gross domestic product growth
," as Executive has previously reported, but the data to corroborate the claim has not been made available to the public.
Moody's said the country's economy was expected to achieve real gross domestic product growth
of 6.5 percent for 2016 and 2017.
"The downward revision resulted from the slightly lower than forecasted real gross domestic product growth
rate in the final third quarter of 2015 in Cyprus," the Economic Research Centre of the University of Cyprus said in an emailed statement on Tuesday.
Dugan added that Emirates NBD's estimates predict that the real gross domestic product growth
in the GCC will reach 2.6 per cent in 2016, and 3.2 per cent in 2017.
The fact that 80 per cent of Bahrain's GDP, now comes from areas other than hydrocarbons highlights the transformative impact of the reform efforts to diversify the economy in past years." The report projects that real gross domestic product growth
will be around the 4.0 per cent mark over the coming two years, despite the challenging macroeconomic environment.
Saudi Arabia is still seeing robust economic expansion, with real gross domestic product growth
of 3.8 percent in 2013 and with the International Monetary Fund projecting more than 4 percent growth in 2014.
15 May 2014 -- New York-based financial services firm BNY Mellon's (NYSE: BK) Boston-based fixed income investment boutique Standish Mellon Asset Management Co LLC said it is anticipating a quick end to the soft patch in US economic growth and an increase in the annual rate of real gross domestic product growth
to between 2.5% and 3.0% in Q214.