BANDAR SERI BEGAWAN (Xinhua): Brunei's economic growth is forecast to be stable at 2.6 percent 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, said the Brunei government remains committed to deepening economic diversification and aligning its development strategies with longer-term sustainability and low-carbon goals.
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 percent in 2024, its fastest expansion since 1999, driven mainly by a strong rebound in both upstream and downstream oil and gas sectors. - Xinhua
