The Jordanian economy is expected to grow by 2.7% in 2022

11-Nov-2021

A recent report by the Arab Monetary Fund expected that the Jordanian economy will recover by the end of this year to record a growth rate of 2.0 percent, while the growth rate is expected to rise to 2.7 percent in 2022.
The report on the prospects for the Arab economy said that the repercussions of the Corona pandemic led to the Jordanian economy entering the first contraction in more than three decades, by 1.6 percent.

The report indicated that the Jordanian economy was able to flexibly overcome an important aspect of the repercussions of this crisis, and was able to mitigate the downturn that was expected for the year 2020, thanks to the large proactive measures taken by the government, in addition to the stimulus packages adopted by the Central Bank, whose size exceeded 2.7 billion dinars.

The report said that the great uncertainty about the end of the pandemic, and the speed of recovery from its economic repercussions locally and globally are factors that affected and affect the levels of economic growth in 2021 and 2022.

The report indicated that Jordan's lifting of the majority of closure procedures and allowing most sectors to operate in accordance with strict safety guidelines in early May of 2021 contributed to the gradual return of the tourism sector and the return of export growth with the gradual recovery of global demand









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