Watch the highlights of AMRO’s 2023 Annual Consultation Report on Brunei Darussalam.
Brunei is posed for stronger recovery with a 2.7% growth this year, led by the non-oil and gas sector. Food inflation remained higher than pre-pandemic levels and headline inflation is expected to increase to 1.4% this year. While notable progress has been made to diversify the economy, policymakers should further strengthen efforts to develop other priority sectors, including food, tourism, and ICT.