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Macro - Country Economic Forecasts - Brunei

Publisher Oxford Economics
Published Nov 08, 2024
Length 3 Pages
SKU # OFE19321899

Description

Macro - Country Economic Forecasts - Brunei



We maintained our near-term GDP growth forecasts for Brunei at 3.2% in 2024 and 2.7% in 2025, reflecting strong expansions compared to recent years. Oil production rose by 4.0% y/y in Q2, driven by new supply from the Salman offshore oil field. We anticipate that increases in oil production will support overall GDP growth. Additionally, the September Business Sentiment Index shows that firms expect investment to improve over the remainder of this year, reinforcing a positive short-term economic outlook.

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3 Pages
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