Economics Essay Example | Topics and Well Written Essays - 500 words - 2

Economics - Essay ExampleDue to current civil turmoil in Bahrain and neighbour locations there are no current statistics available. However, the rate of inflation in 2010 was 3.3% which was up sharply from the reported 2.8% in 2009. One author from the Wall alley Journal wrote, In its statement, Egypts Central Bank said deteriorating regional political circumstances, including a civil war in Libya as well as abandon in Syria, Yemen and Bahrain, could drive up oil prices and further slow the continuing global economic recovery. (Bradley) The Bahrain Economic Development board is positive in the to the highest degree recent release, In Q4 2010, the Bahrain economy is expected to post similar growth to that conceiven in the third quarter growthover 4% (Bahrain Economic quarterly p. 4). Overall there is growth occurring especially in the tourism section as oil only accounts for approximately 15% of the economic outlook. With the civil unrest and potential for continuing problems t here may be a drop in tourism as a result. It will be necessary to see what the results are before making long term forecasts. Bahrain Economic Quarterly, . Bahrain 2030, Bahrain Economy. Bahrain Economic Development board. N.p., First Quarter 2011. Web. 28 Apr 2011. http//www.bahrainedb.com/uploadedFiles/Bahraincom/BahrainForBusiness/BEQ%20Q1%202011.pdf Bradley, M. Egypt Central Bank Keeps Key beguile Rates Unchanged . Wall Street Journal. Dow Jones and Company, 28 April 2011.