World Bank Expects Jordanian Economy Boost in 2017
The World Bank
Amman - QNA
The World Bank expected the Jordanian Economy to boost by 2.3% from 2016, to reach 2.6%.
A report issued by the World Bank forecasts a growth of 3.1% in 2018, 3.4% the year after.
The report also expected a slight rise in the global economy to 2.7% in 2017, after reaching the lowest point last year due to many developing countries struggling with a fall in commodity prices, which reduced the income they received from those goods.
For the developed economies, the Bank forecasts continued weak growth of around 1.8%. For the Middle East and North Africa, the report forecasts a growth of 3.1% in 2017, against 2.7% in 2016.
It was further reported that due to the political situation of the region, the economy has faced trade obstacles and an overall fiscal pressure due to the expenses related to the refugees and the safety situation, the loss of tourism and the results affecting the global scene.
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