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Bahrain Faces Major Short Term Economic Pressures

Wednesday, 23 Mar 2011 | 4:10 AM ET

Khalid Janahi, Chairman, Naseej & co-Chair of World Economic Forum's Global Agenda Council, discusses the unrest in Bahrain and the effect on the banking and tourism sectors suggesting there will be a big squeeze on the overall economy in the short term. He also raises concerns about the risk of the wholesale banking sector leaving the country. â??Breaking a glass is always easy putting it back together is bad news,â? he adds. But he also suggests the long term outlook is very good.