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FINANCIAL NEWS
Jordan economy grows 2.6% in Q1
30 Jun 2013
(MENAFN) Official statistics data showed that Jordan’s economic growth accelerated to 2.6 percent during the first quarter compared to 2.2 percent in the previous quarter, Reuters reported.
Earlier this year, the International Monetary Fund (IMF) estimated the economy to expand above 3 percent in 2013, driven by increased government capital spending, a recovery in exports and higher domestic consumption.
Also, officials revealed that the Kingdom’s foreign reserves have been boosted by at least USD1.5 billion of Gulf money and greater confidence in the local economy by investors.
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