Exchange Rate in Brunei
Brunei - Exchange RateGDP growth slowed from 7.1% year-on-year in Q4 2019 to 2.4% in Q1 2020. Domestic demand was hit especially hard by the impact of the pandemic, while the external sector performed better-than-expected and supported the economy. On the domestic front, private consumption decelerated sharply, as consumers opted to postpone spending amid elevated uncertainty; fixed investment contracted at an even more pronounced pace than in Q4; and government consumption dived amid vanishing revenues. In contrast, on the external front, exports jumped by almost a third in Q1. Moreover, merchandise exports continued to expanded robustly in April, on the back of soaring foreign sales of chemicals and a healthy increase in shipments of mineral fuels. Equally encouraging for a recovery ahead, Brunei has reported no new cases of Covid-19 for over 70 days.
Brunei - Exchange Rate Data
|Exchange Rate (vs USD)||1.53||1.53||1.56||1.59||1.53|
5 years of economic forecasts for more than 30 economic indicators.
Source: Thomson Reuters.
|Exchange Rate||1.34||0.0 %||Jan 01|
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