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FINANCIAL NEWS
Jordan’s 2013 growth outlook at 3.5%: CB
26 May 2013
(MENAFN) According to the Central Bank governor Ziad Fariz, Jordan is expecting a 3.5-percent economic growth for the current year, reported Arabian Business.
He also said that this expectation is due to the higher domestic consumption and to an increase in construction activities.
The Kingdom’s economy has been negatively affected by the Arab Spring, which increased pressure on the country that imports most of its energy and commodity needs.
It’s worth noting that the country’s inflation is projected to reach 5 percent, up from 4.5 percent in 2012.
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