BANDAR SERI BEGAWAN, April 14 (Xinhua) -- The Asian Development Bank (ADB) has projected Brunei's economic growth at 2.5 percent this year and 2.0 percent in 2026.

In its latest Asian Development Outlook (ADO) released recently, ADB said Brunei's economic growth is expected to slow in 2025 and 2026 after rapid expansion last year.

Lower global energy prices will make it difficult for the oil and gas sector to repeat its strong 2024 performance. Inflation was forecast to remain subdued in line with trends in major trading partners.

ADB said Brunei was sensitive to external shocks, and economic diversification and fiscal consolidation were top government priorities. ADB said Brunei's growth outlook could face several domestic and external changes. Domestically, unexpected disruptions could slow oil and gas production. Also, delays in project completion or operation may constrain growth and slow diversification efforts.

Externally, as an oil and gas exporter, Brunei's economy remains vulnerable to energy price volatility, which significantly affects government revenues. Geopolitical tensions and slower global growth could also reduce demand for energy resources.

Brunei's economy grew 4.2 percent in 2024. Enditem

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