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FINANCIAL NEWS
Jordan’s economy remains positive
15 Nov 2016
(MENAFN) The Intl’ Monetary Fund (IMF) proclaimed that Jordan has achieved success in dealing with many shocks in the past few years, as the economy remained resilient.
Additionally, the notable progress has been made in cutting the financial deficit and interest rates have declined to low levels, helping to revive credit and support growth.
Accordingly, the economy, including regional conditions and the refugee crisis from Syria, continue to take a toll on public finances, investment and the external account.
Jordanian authorities’ program focuses on tackling these challenges, amid a gradual and steady fiscal consolidation, led by reforms to the tax exemptions.
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