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Brunei Economy Shrinks in First Half of 2023

Published on 28th December 2023

Brunei's GDP contracted by 1.1% year-on-year in the first half of 2023, primarily driven by a 7.8% decline in the oil and gas sector. The non-oil and gas sector grew by 5.3%, supported by transportation, finance, and manufacturing. Inflation has moderated significantly, with the Consumer Price Index (CPI) rising by onl...

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Brunei Economy Shrinks in First Half of 2023

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