23.1 C
Brunei
Sunday, February 5, 2023
23.1 C
Brunei
Sunday, February 5, 2023
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    Optimistic outlook for Brunei economy

    After the setback to growth last year due to the outbreak of the Delta variant of COVID-19, economic activities in Brunei Darussalam are gradually picking up, particularly in the non-oil and gas (O&G) sector.

    High vaccination rates have allowed containment measures and border restrictions to be lifted, enabling fuller economic re-opening. Higher global energy prices have also benefitted the Sultanate, helping to improve the external position and restore fiscal buffers.

    This preliminary assessment was made by the ASEAN+3 Macroeconomic Research Office (AMRO) after its annual consultation visit to Brunei from November 26 to 30, 2022.

    More details on Sunday’s Borneo Bulletin

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