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Brunei Darussalam: 2024 Article IV Consultation-Press Release; and Staff Report

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  • International Monetary Fund

Abstract

Brunei faces complex diversification challenges while it continues to contend with a protracted recovery since the pandemic. Real GDP has rebounded moderately, driven mainly by the non-oil and gas (O&G) sector and earlier than expected supply from a new O&G field in Q4 2023. Challenges persisted in downstream and upstream O&G production until H1 and Q3 2023, respectively, weakening fiscal and external positions in 2023.

Suggested Citation

  • International Monetary Fund, 2024. "Brunei Darussalam: 2024 Article IV Consultation-Press Release; and Staff Report," IMF Staff Country Reports 2024/301, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:2024/301
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