FINANCIAL NEWS

Jordan’s GDP growth to moderate by 2.1pct

07 Mar 2017

(MENAFN) Jordan’s real GDP growth is projected to moderate in 2016 to 2.1 percent from 2.4 percent in 2015 due to financial consolidation and the impact of local conflict.

Moreover, real GDP growth should pick up to 2.3 percent this year and 2.4 percent in 2018 as external demand for Jordan”s exports pick up.

In addition, inflation is projected to remain in deflationary territory at -1.0 percent in 2016, driven by continued lower oil prices and currency strength.

This year, the deficit budget is expected to be stable around 3.7 percent and 2018 as fiscal consolidation efforts are offset by expected higher energy spending as oil prices grow.

MENAFN0703201700450000ID1095295543

MENAFN0703201700450000ID1095295543

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