Brunei's economy declines 2.8pc in Q2 2018

BANDAR SERI BEGAWAN, Nov 07 (Xinhua): Brunei's economy posted a negative growth of 2.8 per cent year-on-year at constant prices to 4326.9 million Brunei dollars (3151.9 million US dollars) in the second quarter of 2018, dragged by slowing oil and gas production.

According to the latest statistics released by the country's Department of Economic Planning and Development at the Ministry of Finance and Economy on Tuesday, Brunei's Gross Domestic Product(GDP) turned to negative performance, after posting positive growth for four consecutive quarters since the second quarter of 2017.