{
  "title": "Brunei Darussalam: Recent Economic Developments",
  "publication": "IMF Staff Country Reports, April 21, 1999",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/brunei-darussalam-recent-economic-developments-2991",
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  "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.",
  "sections": [
    {
      "heading": "Economic performance, 1997",
      "content": "- Economy grew by 4 percent, led by strong construction and services activities.\n- Average inflation declined to less than 2 percent.\n- Current expenditures were contained.\n- Recovery in capital expenditures was financed by larger transfers from the Brunei Investment Agency."
    },
    {
      "heading": "Economic conditions and shocks, 1998",
      "content": "- The Brunei economy was adversely affected by:\n  - the large decline in world price of crude oil,\n  - the collapse of a large domestic private company,\n  - the impact of the Asian crisis."
    },
    {
      "heading": "Subject areas and keywords (as listed)",
      "content": "- Subjects: Banking, Capital spending, Commercial banks, Expenditure, Exports, Financial institutions, Imports, International trade.\n- 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.\n\n---\n\n Content in this bundle\n\n- Brunei Darussalam: Recent Economic Developments -- ISCR/99/19\n  - Brunei Darussalam: Recent Economic Developments -- ISCR/99/19 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Brunei Darussalam: Recent Economic Developments -- ISCR/99/19 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: April 21, 1999",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451806151.002",
    "Economy grew by 4 percent, led by strong construction and services activities.",
    "Average inflation declined to less than 2 percent.",
    "Current expenditures were contained.",
    "Recovery in capital expenditures was financed by larger transfers from the Brunei Investment Agency.",
    "The Brunei economy was adversely affected by:",
    "Subjects: 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.",
    "**Brunei Darussalam: Recent Economic Developments -- ISCR/99/19**"
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