The COVID-19 pandemic has accelerated the flight to digital for businesses and consumers globally, contributing to the fintech boom as technology has been introduced into many financial services and transactions.
Brunei Darussalam’s economy should recover moderately by 2.1 percent in 2021, after a slower but still positive growth in 2020 amid the global economic downturn due to the COVID-19 pandemic.
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Brunei Darussalam’s economy is expected to recover moderately in 2021, after slower but still positive growth last year amid the global economic downturn due to the COVID-19 pandemic.
Situated on the northern coast of the Borneo island is Brunei Darussalam, a country blessed with natural endowments driving its employment and economic growth.
Following a recovery in 2019, the Bruneian economy is expected to continue to register positive growth in 2020, supported by the full operation of Hengyi’s refinery production.
The Brunei economy recovered in 2019 and the recovery is expected to continue in 2020 amid a sharp slowdown in the global economy, according to the 2019 Annual Consultation Report on Brunei Darussalam published today by the ASEAN+3 Macroeconomic Research Office (AMRO).
The economy of Brunei showed strong signs of recovery in 2019 and growth is expected to strengthen further in 2020, while inflation remained low and turned negative in 2019.
The Brunei Darussalam economy slowed down in 2018 but is expected to pick up in 2019, while inflation will likely continue to rise moderately, according to the 2018 Annual Consultation Report on Brunei Darussalam released today by the ASEAN+3 Macroeconomic Research Office (AMRO).
The Brunei Darussalam economy slowed down in 2018 but is expected to pick up in 2019, while inflation will likely continue to rise moderately.
The Brunei economy is expected to slow down in 2018 before picking up in 2019 while inflation has turned positive. However, increased efforts are needed to improve discipline in the fiscal sector, safeguard the soundness of the banking system, and diversify the economy, in order to enhance potential growth, according to the preliminary assessment by the ASEAN+3 Macroeconomic Research Office (AMRO) after its Annual Consultation Visit to the country from November 13 to 19, 2018.
