Brunei struggling to wean itself off oil - FT.com:
"Brunei has narrowly escaped a second recession in two years but its recovery will be slow and erratic. The oil-dependent sultanate — one of the few countries in the world with an absolute ruler — is struggling to diversify its economy. Its neighbour Malaysia — itself badly hurt by collapsing oil prices — is unlikely to be much help.
The energy sector supplies about 60 per cent of Brunei’s economic output and led the country into a prolonged recession in 2013 and 2014, making it the only Asean economy to contract during the period."
'via Blog this'
No comments:
Post a Comment