Brunei’s economy to grow by 3.2 per cent this year

The International Monetary Fund (IMF) projected Brunei Darussalam’s economy to grow by 3.2 per cent this year while the Asian Development Bank (ADB) forecast it at three per cent. The Centre for Strategic and Policy Studies (CSPS) of Brunei Darussalam forecast the nation’s growth rate at 2.8 per cent.

The Department of Economic Planning and Statistics at the Ministry of Finance and Economy stated that Brunei Darussalam’s economy last year grew by 1.2 per cent. This was attributed to an increase in the non-oil and gas sector by nine per cent.

More details on Thursday’s Borneo Bulletin