Jordanian economy may grow 4.15% this year

22 Apr 2010

(MENAFN) The International Monetary Fund’s (IMF) expected in its World Economic Outlook that Jordan’s gross domestic product (GDP) to grow by 4.15 percent in 2010 and by 4.5 percent in 2011, Petra reported.

The IMF predicted that the consumer price index (inflation) rate for Jordan would reach 5.3 percent this year and go down to 4.6 percent in 2011.

Earlier, the Jordanian Ministry of Finance had predicted the GDP growth could reach at 4 percent for a total of $24 billion at current prices.

The Kingdom’s current account deficit was envisaged to rise from 8.9 percent this year to 9.7 percent in 2011.

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