IMF: Jordan economy to grow by 3.3%
The IMF has projected that the Jordanian economy will grow by 3.3 percent during the current year. According to a report entitled "Regional Economic Outlook for the Middle East and North Africa, Afghanistan and Pakistan", the changes in the region will promote better growth.
The Fund expects that the inflation rate in the Kingdom during this year will reach about 6.1 percent. Its GDP is expected to reach about US$ 30 billion. It is expected that Jordan's imports of goods and services will reach over US$ 20 billion.
The report predicts that GDP growth would total 3.9 percent in the Middle East and North Africa, Afghanistan and Pakistan (MENAP). The region's oil-exporting countries, namely: Algeria, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, Sudan, United Arab Emirates, and Yemen are expected to post a growth rate of 4.9 percent (with the exception of Libya), which is mostly due to higher oil prices and increased production.
The oil-importing countries, namely: Afghanistan, Djibouti, Egypt, Jordan, Lebanon, Mauritania, Morocco, Pakistan, Syria, and Tunisia are expected to record a growth rate of 2.3 percent.