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

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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.