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FINANCIAL NEWS
Jordan’s economy grows 3.8 percent amid political crises
23 May 2015
(MENAFN) Jordan’s economy is robust despite spillover violence along its borders from wars in Syria and Iraq, the central bank governor said, Arab News reported.
Weak oil prices that have cut the current account deficit to about 9 percent have put the kingdom was on track for about 3.8 percent growth in GDP against 3.1 percent in 2014.
“The economy is resilient despite the turmoil around us. Our imports from energy have dropped substantially by about 30 percent,” the goveror said at the World Economic Forum.
Growth has accelerated from 2.3 percent in 2013 despite an influx of more than 600,000 Syrian refugees. Jordan’s budget deficit is expected to drop to 1.8 percent of GDP this year.
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