Bahrain’s economy improves after easing out of lockdown

  • Date: 28-Sep-2020
  • Source: Zawya
  • Sector:Economy
  • Country:Bahrain
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Bahrain’s economy improves after easing out of lockdown

The economy in Bahrain is starting to show signs of improvement as the country eases coronavirus restrictions, with imports, hotel occupancy and real estate transactions picking up recently.The value of imports to the kingdom, which had been on a decline since the onset of the pandemic, increased by 88.1 percent in August compared to July 2020, the country's Ministry of Finance and National Economy said in a report released early Monday.Exporting truck traffic on the King Fahd Causeway also went up by 21.5 percent, while the operators of four and five-star hotels saw a 13.3 percent jump in occupancy during the same period.As for real estate transactions, the Survey and Land Registration Bureau reported a 21.6 percent increase in transactions.Easing of restrictionsAll these positive indicators are a result of the