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Published on 20th October 2022
Brunei's gross domestic product (GDP) contracted by 4.4% in the second quarter of 2022 due to a decline in crude oil and natural gas production. The oil and gas sector, which is a major contributor to Brunei's economy, shrunk by 9.2%. While non-oil and gas sectors like downstream industries, air transport, communicatio...
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Did you know that Brunei's GDP took a 4.4% dip because of a drop in oil and gas production? But not all was doom and gloom! The non-oil sectors like air transport and fishery were swimming against the tide, showing growth! Talk about a mixed bag of economic news!
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