Jordanian economy starts recovering

 Jordan’s Prime Minister Abdullah Ensour said that hiscountry’s economy has started to recover and is moving steadily in the rightdirection despite the global financial downturn, the crisis in Syria and itsrepercussions.At a meeting with members of the Union of Arab Banks Board who are taking part inThe Annual Arab Banking Conference for 2014, Ensour said that economic measuresthat have been taken by the government to address economic challenges as well asthe fact that citizens understood the need for such measures, contributed toovercoming this crisis, Jordan Petra news agency reported.He said the first requirement to achieve development and prosperity is the socialfabric that Jordan was able to preserve, and economic instability is part of theoverall instability in the region, adding that Arab countries have the potentials toachieve development and prosperity for their peoples.“The Arab countries are lagging behind in world economic and developmentindicators,” Ensour said, noting that this should prompt us to achieve morecooperation.The Kingdom, he added, is in the eye of the storm, pointing out that instability andcrises in the region, starting from the Palestinian issue and the crisis in Syria, had aMajor negative impact on the national economy.The prime minister said that Jordan has always been forced to change its economicplans due to the regional situation and its impact on the country, noting that the Kingdom is in need of Arab support to enable it to deal with the Palestinian issuesand the crisis in Syria. Chairman of the Union of Arab banks Mohammad Barakat stressed the need forArab integration to develop Arab economies.