Brunei Poised for Stronger Recovery in 2024, Led by the Non-Oil and Gas Sector
Brunei’s economy expanded by 1.4 percent in 2023, and growth is expected to strengthen to 2.7 percent this year.
Brunei’s economy expanded by 1.4 percent in 2023, and growth is expected to strengthen to 2.7 percent this year.
Brunei’s economy is expected to strengthen further this year after a strong recovery in 2023, mainly supported by robust activities in the non-oil & gas sector.
Watch the highlights of AMRO's 2023 Annual Consultation Report on Korea.
The near-term outlook for the Korean economy has improved, supported by the recovery of exports, and inflation is expected to decline further toward the target.
Korea's economy is forecast to rebound to an above-potential rate of 2.3 percent in 2024, supported by continued strengthening in goods exports, especially semiconductors.
Watch the highlights of AMRO's 2023 Annual Consultation Report on Vietnam.
Vietnam’s economy is expected to strengthen to 6.0 percent growth in 2024 from 5.1 percent growth in 2023.
Watch the highlights of the ASEAN+3 Regional Economic Outlook 2024.
The stronger growth for ASEAN+3 this year will be mainly driven by robust domestic demand, underpinned by increasing household incomes and recovering investment activity.
The ASEAN region is expected to benefit from a combination of these favorable factors, with growth in 2024 and 2025 forecast at 4.8 and 4.9 percent, respectively while growth in the Plus-3 region is expected to remain robust at 4.3 and 4.1 percent, respectively.