Covid-19 affects Brunei’s tourism revenue, says ADB


ADB1-1

BRUNEI: The Asian Development Bank (ADB) estimates that the Covid-19 (coronavirus) outbreak could cause a decline in tourism revenue for Brunei Darussalam by as much as -0.086% of gross domestic product (GDP) in the best case scenario (US$11.7mil), -0.113% in the moderate case (US$15.3mil) and -0.192 per cent in the worst case (US$26.1mil).

This was highlighted by ADB last Friday, indicating that Covid-19 could reduce global GDP by 0.1-0.4%, with financial losses forecast to reach between US%77bil and US$34bil.

In a report titled ‘The Economic Impact of the Covid-19 Outbreak on Developing Asia, ’ ADB said that economic growth in China and developing Asia, excluding China, could be trimmed by 0.3 to 1.7% and 0.2 to 0.5%, respectively.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

ADB , Brunei , Covid-19

   

Next In Regional

King presents letters of appointment to 21 judges
At least 68 killed in Nepal's worst air crash in 30 years (update)
Magnitude 6.2 earthquake hits off west coast of Sumatra, no tsunami alert
Sabah's GRS-led govt collapses after BN withdraws support
Police determining authenticity of daredevil duo's Merdeka 118 video
Batang Kali landslide: Site not listed as critical slope, says Minerals and Geoscience Dept
Batang Kali landslide: 'I will be your son in the next life', says son in touching tribute to late mother
Tommy Thomas insisted that MACC prosecute Shahrir despite incomplete investigation, court told
Batang Kali landslide: We will not shirk responsibility, says campsite operator
Batang Kali landslide: Search temporarily halted due to continuous rain

Others Also Read