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Brunei economy projected to grow 5.8 per cent

Brunei Darussalam’s economy is projected to grow 5.8 per cent this year, according to the International Monetary Fund’s (IMF) latest Regional Economic Outlook report.

IMF said economic growth in Asia and the Pacific is poised to slow more than previously estimated this year amid headwinds from the conflict in Ukraine, a resurgent pandemic, and tightening global financial conditions.

Regional gross domestic product will expand by 4.9 per cent, 0.5 per centage points less than we forecast in January and slower than last year’s 6.5 per cent growth rate, according to their latest projections.

More details on Thursday’s Borneo Bulletin