20-Jan-2019
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Forbes
magazine ranked Jordan 69th globally and eighth in the region for the best
countries to do business in 2019.
In its latest edition, the
magazine predicted that Jordan's economic growth rate would remain at 2
percent, while the deficit in the trade balance would be 10.6 percent as a
percentage of GDP, pointing out that the population of the Kingdom is 10.5
million.
The magazine ranked Jordan in
the Arab world after the UAE, Qatar, Oman, Saudi Arabia, Bahrain and Morocco.
The UK topped the list of the
best countries for business this year, followed by Sweden, Hong Kong, the
Netherlands and New Zealand.
The magazine ranks countries
by their attractiveness to capital investments, with a total of 161 countries,
based on 15 factors: property rights, innovation, taxation, technology,
corruption, infrastructure, market size, political risk, quality of life, labor
force , Personal, commercial, monetary, bureaucratic and investor freedom.
A report by the United Nations
Economic and Social Commission for Western Asia (ESCWA) forecast real GDP
growth to reach 2.3 percent this year.
In its latest report, the
committee suggested that the inflation index would fall to 2.3 percent in 2019.
She stressed that the
prevailing geopolitical uncertainty continues to cast a shadow over the Arab
region as she put it, while economic growth in the Arab region has been slowed
down in 2017, while the challenges of social and human development in the Arab
region have remained acute as a result of ongoing conflicts and Political
stability.
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