Brunei’s economy projected to grow by 2.4 per cent in 2024 and hit 3.1 in 2029, says IMF

Image from Borneo Bulletin/ANN

BANDAR SERI BEGAWAN (Borneo Bulletin/ANN): Brunei Darussalam’s economy is projected to grow at 2.4 per cent this year, 2.5 per cent next year (2025) and 3.1 per cent in 2029, International Monetary Fund (IMF) said in its World Economic Outlook (WEO) report published this week.

The WEO publication came weeks after the Asian Development Bank (ADB) forecast the Sultanate’s economic growth at 3.7 per cent this year and 2.8 per cent next year, and ASEAN+3 Macroeconomic Research Office’s (AMRO) own annual flagship report, the ASEAN+3 Regional Economic Outlook (AREO) 2024 which forecast a 2.7 per cent growth this year and 2.9 per cent in 2025.