Brunei economy to grow by 3.5 per cent this year, according to economic specialist report


Image of Borneo Bulletin/ANN

BANDAR SERI BEGAWAN, March 26 (Borneo Bulletin/ANN): Brunei, which recorded weak growth for most of 2021, is set to grow by 3.5 per cent in 2022, followed by three per cent in 2023, said the Organisation for Economic Cooperation and Development (OECD) in its recent special report on Economic Outlook for South-East Asia, China and India 2022 – Financing for Sustainable Recovery from Covid-19.

The economies of the Association of South-East Asian Nations (Asean) are projected to grow by 5.8 per cent in 2022 but there are significant uncertainties from Russia’s invasion of Ukraine to immediate risks such as the COVID-19, rising inflation and supply chain disruptions, said the report.

Start your ads-free experience now!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Brunei , Economy , To Rise , Projection , Special Report , OECD

   

Next In Aseanplus News

Diesel subsidy rationalisation may not be possible for Sabah, Sarawak due to wide usage, says Anwar
Govt to reimburse RM100mil to Sarawak to upgrade schools, clinics, says PM Anwar
India boosts defence ties with Bangladesh as it tries to become a counterweight to China
F1 team McLaren evacuates hospitality suite when fire breaks out before Spanish GP practice
Sg Bakap polls: BN to rally support for Pakatan candidate, says Tok Mat
Asean News Headlines at 10pm on Saturday (June 22, 2024)
Runaway golf buggy plunges off second tier of driving range at Singapore's Keppel Club
At least 42 killed in Israeli strikes in Gaza City refugee camp, neighbourhood
Vietnam power generation, daily consumption hit new record high amid heatwave
Thai PM Srettha touts plans for casinos and nuclear power in first TV talk

Others Also Read