Economic Impact of COVID-19 on Bahrain and its Policy Response

ambarish — Mon, 20 Jul 2020 15:23:01 +0000

Bahrain’s economy is expected to be adversely affected by COVID-19 pandemic in 2020. The real gross domestic product (GDP) of Bahrain is expected to shrink, unemployment level to increase and current account balance to decline due to COVID-19 this year. As of 20^th July 2020, Bahrain had 36,004 confirmed COVID-19 cases out of which 31,765 people have recovered from the disease while 124 have lost their lives.

In this blog post we will be focusing on economic impact of COVID-19 pandemic & fiscal and employment policy response of Bahrain government under following sections –

Impact of COVID-19 on Bahrain Economy in 2020
COVID-19 Containment Measures of Bahrain
COVID-19 Related Fiscal Policy Measures by Bahrain
COVID-19 Related Employment Policy Measures by Bahrain

1. Impact of COVID-19 on Bahrain Economy in 2020

Bahrain’s real gross domestic product (GDP) was BHD 12.90 billion in 2019 and due to COVID-19 outbreak it is estimated to decrease by 3.59% to be around BHD 12.44 billion in 2020.

Bahrain’s unemployment rate was 4.003% of total labor force in 2019....

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