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Brunei GDP to grow 2.5 per cent this year, 3 per cent in 2022

BANDAR SERI BEGAWAN (Borneo Bulletin/ANN): Brunei Darussalam’s economy is expected to strengthen in 2021 and 2022 on an improving external environment with a gross domestic product (GDP) growth of 2.5 per cent this year and three per cent next year, according to the Asia Development Bank (ADB) flagship economic publication, Asian Development Outlook (ADO) 2021, released recently.
Growth in 2021 will be supported by a recovery in global demand and higher oil and gas prices, which will boost government revenue and support government consumption. Private consumption is expected to grow as the economy continues to strengthen.
The GDP is forecast to rise in 2021 and 2022, supported by robust export growth from the Hengyi plant and higher oil and gas prices. But increased imports due to the plant’s expansion and continued demand for inputs will temper the trade and the current surpluses in both years. ....

Brunei General , Brunei Darussalam , Darussalam Msmes , Asian Development Outlook , Borneo Bulletin Asia News Network , Brunei Fertilizer Industries , Hengyi Industries , Asia Development Bank , Entrepreneurship Index , Asia News , புருனே ஜநரல் , புருனே தாருஸ்ஸலாம் , ஆசிய வளர்ச்சி ஔட்‌லுக் , போர்னியோ புல்லட்டின் ஆசியா செய்தி வலைப்பின்னல் , புருனே உரம் தொழில்கள் , ஆசியா வளர்ச்சி வங்கி , தொழில் முனைவோர் குறியீட்டு , ஆசியா செய்தி ,

Brunei GDP to grow 2.5pc this year, 3pc in 2022 | Borneo Bulletin Online

May 3, 2021
Azlan Othman
Brunei Darussalam’s economy is expected to strengthen in 2021 and 2022 on an improving external environment with a gross domestic product (GDP) growth of 2.5 per cent this year and three per cent next year, according to the Asia Development Bank (ADB) flagship economic publication, Asian Development Outlook (ADO) 2021, released recently.
Growth in 2021 will be supported by a recovery in global demand and higher oil and gas prices, which will boost government revenue and support government consumption. Private consumption is expected to grow as the economy continues to strengthen.
The GDP is forecast to rise in 2021 and 2022, supported by robust export growth from the Hengyi plant and higher oil and gas prices. But increased imports due to the plant’s expansion and continued demand for inputs will temper the trade and the current surpluses in both years. ....

Brunei Darussalam , Darussalam Msmes , Azlan Othman , Asian Development Outlook , Brunei Fertilizer Industries , Hengyi Industries , Asia Development Bank , Entrepreneurship Index , புருனே தாருஸ்ஸலாம் , அஸ்லான் ஆத்மந் , ஆசிய வளர்ச்சி ஔட்‌லுக் , புருனே உரம் தொழில்கள் , ஆசியா வளர்ச்சி வங்கி , தொழில் முனைவோர் குறியீட்டு ,

Emirates News Agency - UAE witnessed outcomes of successful strategies to address COVID-19 pandemic

UAE witnessed outcomes of successful strategies to address COVID-19 pandemic
ABU DHABI, 3rd May, 2021 (WAM) In recent months, the UAE has witnessed the outcomes of its successful strategies to address the coronavirus (COVID-19) pandemic, which were described as balanced in terms of health and economy.
Under this framework, the UAE has become a successful model of adapting to the new reality, by implementing procedures for ensuring the continuity of education and health systems and the recovery of the economic and commercial sectors, in addition to the partial resumption of tourism and entertainment activities.
Moreover, the UAE recently hosted several events and succeeding in resuming the hosting of global events that were affected by the start of the pandemic in late 2019. The country organised several sporting events, as well as the International Defence Exhibition and Conference (IDEX) and the Naval Defence and Maritime Security Exhibition (NAVDEX) 2021 , Gulfoo ....

Barakah Nuclear Power Plant , International Defence Exhibition , Naval Defence , Maritime Security Exhibition , Hope Probe , Barakah Nuclear Power , Entrepreneurship Index , பராகா அணு பவர் ஆலை , சர்வதேச பாதுகாப்பு கண்காட்சி , கடற்படை பாதுகாப்பு , கடல் பாதுகாப்பு கண்காட்சி , நம்பிக்கை ப்ரோப் , பராகா அணு பவர் , தொழில் முனைவோர் குறியீட்டு ,

UAE's economic growth to be supported by fast vaccine rollout and digital transformation, IIF says

The Central Bank of the UAE reacted quickly to limit the economic fallout from Covid-19, introducing the Targeted Economic Support Scheme offering Dh50 billion of zero-cost collateral funding to banks in March last year, as well as loosening lenders capital and liquidity buffers to ensure money keeps flowing through the economy. The Tess scheme has been extended to June 30 year. It is part of local and federal support packages totalling Dh388bn so far, Minister of Economy Abdulla bin Touq said in December.
The Arab world s second-biggest economy is projected to grow 2.5 per cent this year, rising to 3.6 per cent next year, according to the UAE Central Bank. ....

Garbis Iradian , Communications Technology , Ministry Of Economy , Institute Of International , World Economic Forum Index On Information , Central Bank , International Finance , Targeted Economic Support Scheme , Economy Abdulla , World Economic Forum , Entrepreneurship Index , Global Entrepreneurship , Michael Fahy , Institute Of International Finance , தகவல்தொடர்புகள் தொழில்நுட்பம் , அமைச்சகம் ஆஃப் பொருளாதாரம் , நிறுவனம் ஆஃப் சர்வதேச , உலகம் பொருளாதார மன்றம் குறியீட்டு ஆன் தகவல் , மைய வங்கி , சர்வதேச நிதி , இலக்கு பொருளாதார ஆதரவு திட்டம் , பொருளாதாரம் அப்துல்லா , உலகம் பொருளாதார மன்றம் , தொழில் முனைவோர் குறியீட்டு , உலகளாவிய தொழில் முனைவோர் , மைக்கேல் பஹி ,