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FINANCIAL NEWS
Jordan’s economy to post 3.3 percent growth in 2014
30 Sep 2014
(MENAFN) Jordan’s economy is projected to register a growth of over 3 percent this year, proving its resilience despite being pressured due to political tension in the region, The Peninsula Qatar reported.
The Kingdom’s economy is expected to post a 3.3 percent growth this year, up from 2.8 percent last year, which will be attributed to recovery in several sectors, including mining and agriculture, while inflation is expected to decline to less than 3 percent by the end of 2014 compared with 3.3 percent in 2013.
Jordan’s economy, which has been greatly affected by the cost of accommodating 600,000 registered Syrian refugees fleeing the civil war, has been struggling for while due to the country having USD28 billion in public debt and the government has been trying to find several ways to help it, including a plan to raise electricity prices at the beginning of next year.
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