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FINANCIAL NEWS
Jordan eyes 5% growth in 2011
02 Nov 2010
(MENAFN) Jordan’s Minister of Finance, Mohammad Abu Hammour, stated that the Kingdom’s economic growth is expected to increase from the forecasted 4 percent in 2010 to 5 percent in 2011, Jordan Times reported.
This growth is attributed to the decisions taken by the government to lower the income tax between 15 and 50 percent on various industries and big infrastructure projects such as a railway project, and the current expansion of the airport, Abu Hammour said.
Exports rose 15 percent in the January-August period, added Hammour
Jordan’s economic growth rose to an annual 2.9 percent in the April-June period, led by the mining and transport industries, compared to the 2 percent growth in the January-March period. As for the previous year, growth was 2.3 percent.
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