Arab Today, arab today imf expects jordan’s economy to gain momentum in coming years
Last Updated : GMT 17:33:30
Arab Today, arab today
Arab Today, arab today

IMF expects Jordan’s economy to gain momentum in coming years

Arab Today, arab today

Arab Today, arab today IMF expects Jordan’s economy to gain momentum in coming years

Amman - Arabstoday

The International Monetary Fund (IMF) expects Jordan’s economy to grow by 3 per cent this year. The IMF expected economic growth in the Kingdom to accelerate over the coming years, projecting the gross domestic product (GDP) to expand by 3.5 per cent in 2013 and 4.5 per cent in 2017. Jordan’s economy expanded by 3 per cent during the first half of this year, according to official figures. On global economy, the IMF said the slowdown is worsening, cutting its growth forecast for the second time since April and warning the US and European policy makers that failure to fix their economic ills would prolong the slump. In its latest World Economic Outlook report, released Tuesday during a press conference held ahead of its annual meeting that will take place in Tokyo later this week, the international financial organisation indicated that inflation this year is forecast to remain around 4.5 per cent. For 2013, the report predicted inflation rates in the Kingdom to drop to 3.9 per cent, expecting it to stand at 3 per cent in 2017. The report also expected the deficit in the current account balance to deteriorate this year as it is set to widen to 14.1 per cent of the GDP compared with 12 per cent in 2011. However, the IMF noted that the current account deficit ratio to the GDP will start easing as of 2013, when it is expected to stand at 9.9 per cent, to reach only 4.3 per cent in 2017. As official unemployment figures that were released Tuesday by the Department of Statistics showed that jobless rates in the Kingdom during the third quarter of this year were 13.1 per cent, the IMF report predicted unemployment levels to see a slight decline. The IMF expects unemployment rates for 2012 and 2013 to be around 12.9 per cent.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf expects jordan’s economy to gain momentum in coming years Arab Today, arab today imf expects jordan’s economy to gain momentum in coming years

 



Arab Today, arab today
Arab Today, arab today Rabia Fatima reveals role of "Facebook" in her career

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday