Brunei Darussalam: Recent Economic Developments

April 21, 1999

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Brunei Darussalam: Recent Economic Developments, (USA: International Monetary Fund, 1999) accessed November 22, 2024

Summary

This paper describes economic developments in Brunei Darussalam during 1997–98. In 1997, the economy grew by 4 percent led by strong construction and services activities, while average inflation declined to less than 2 percent. Current expenditures were contained, and a recovery in capital expenditures was financed by larger transfers from the Brunei Investment Agency. In 1998, the Brunei economy was adversely affected by the large decline in world price of crude oil, the collapse of a large domestic private company, and the impact of the Asian crisis.

Subject: Banking, Capital spending, Commercial banks, Expenditure, Exports, Financial institutions, Imports, International trade

Keywords: Asia and Pacific, Capital spending, Commercial banks, Cost of capital, CR, Development expenditure, East Asia, Establishment, Europe, Exports, Forward market, Government, Government employee, Imports, ISCR, Labor market, Last quarter, Money market, Private sector activity, Private sector employment, Rate of return, Remittance company, Singapore dollar

Publication Details

Pages:

78
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1999/019
Stock No:

1BRNEA0011999
ISBN:

9781451806151
ISSN:

1934-7685

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