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Analysis by Region - Emerging Markets - Brunei

Publisher Oxford Economics
Published May 30, 2023
Length 3 Pages
SKU # OFE17975033

Description

Analysis by Region - Emerging Markets - Brunei



After contracting 1.6% in 2022, Brunei's economy is expected to expand by 3.3% in 2023 and 3.2% in 2024 due to higher investment spending, bringing GDP back to its pre-pandemic level. Investment will focus on the expansion of petrochemical plants, raising capacity on ports, and the fertiliser industry. Strong exports of downstream petrochemicals and fertilisers alongside the elevated oil price will support GDP growth. Headwinds to the outlook include maintenance work on old oil pipelines, a tense geopolitical situation, high inflation, a global economic downturn, and volatile commodity prices.

Table of Contents

3 Pages
Please Note: Due to the brevity and/or nature of the content posted, there is no table of contents available for this report.

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