Brunei Economy Set to Rebound

After several years of declining gross domestic product, falling consumer prices and widening fiscal deficits, Brunei Darussalam is poised for a mild turnaround, the Asian Development Bank said, Yahoo reported. Large construction projects and recovering oil and gas production and prices are expected to lift GDP and inflation into positive territory and narrow the fiscal gap. Sustainable long-term growth demands substantial reforms to the business environment to attract foreign investors to new industries, the bank said in its Asia Development Outlook 2017 for Brunei Darussalam published recently.