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Article: Bahrain's retail sector to grow.
- Article from:
- Gulf Weekly
- Article date:
- August 30, 2009
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Bahrain's retail sales will grow from $4.33 billion in 2008 to $4.80 billion by 2013, predicts Research and Markets, one of the largest resources for market research information in the world.
The key factors behind the forecast growth in Bahrain's retail sales are a favourable long-term economic outlook, growing interest in Western styles of retailing, and a steady rise in disposable income, says the Bahrain Retail Report Q309.
Bahrain's nominal GDP was $21.90 billion in 2008, with a decline of 0.1 per cent now predicted for 2009 as the economy goes into reverse. Average annual GDP growth of 2.7 per cent is now predicted between 2008 and 2013. Although ...