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02-07-14

Bahrain's economy grows 3.1 percent in Q1

(MENAFN) Bahrain posted a 3.1 percent growth in its economy in fixed prices and 1.4 percent at current prices in the first three months of the current year compared to the same quarter 2013, according to Gulf Daily News. The oil sector grew by 4.1 percent at constant prices but fell 0.7 percent at current prices, while non-oil sector increased by 2.9 percent at constant prices and 2.1 percent at current prices respectively. Construction activity grew by 1.5 percent at constant and current prices each, while real estate activity rose by about 3.1 percent at constant prices and 4 percent at current prices.