BANDAR SERI BEGAWAN: Brunei's economic growth is forecast to be stable at 2.6 per cent for 2025-2026 as upstream and downstream oil and gas production levels off following last year's strong rebound, according to the Asean+3 Macroeconomic Research Office (Amro).
The Amro's economic outlook on Brunei, published on Wednesday (May 21), said the Brunei government remains committed to deepening economic diversification and aligning its development strategies with longer-term sustainability and low-carbon goals, reported Xinhua.
Anthony Tan, Amro deputy group head and principal economist, said positive developments in the agri-food and tourism sectors will help support near-term growth in Brunei.
Amro said near-term risks arise from potential disruptions to oil and gas production, a sharper-than-expected drop in global energy prices, and a weakened demand from key trading partners.
Brunei's economy grew by 4.2 per cent in 2024, its fastest expansion since 1999, driven mainly by a strong rebound in both upstream and downstream oil and gas sectors. - Bernama-Xinhua
