Bahrain sees 6.2% economic growth in 2013

Bahrain's Economic Development Board has said the kingdom's economic growth is expected to pick up sharply in 2013, on the back of a stronger oil sector, large industrial investments and a robust regional economy, Reuters has reported. Gross domestic product (GDP) is expected to grow 6.2% this year, before easing to 3.4% in 2014, the board said. The country's GDP growth decelerated for most of last year, from 5.9% year-on-year in the first quarter to 3.1% in the third quarter, the board said without giving a number for fourth-quarter growth.