Published on 25th December 2023
A recent assessment by the ASEAN+3 Macroeconomic Research Office (AMRO) highlights positive trends in Brunei's economy. Growth is projected at 0.2% in 2023 and 2.4% in 2024, driven by the non-oil and gas sector. Subsectors like tourism, transport, finance, and agriculture are performing well. While oil and gas face ch...
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The article discusses Brunei's economic recovery, highlighting positive growth in the non-oil and gas sectors, driven by services like transport and finance. While challenges remain in the oil and gas sector, overall inflation is low, and a strong external position is noted. Recommendations for fiscal sustainability and diversification into other sectors are emphasized.