You are here
Jordan's GDP to grow by 2.2% in 2020 — IMF
By JT - Jan 09,2020 - Last updated at Jan 09,2020
AMMAN — The Kingdom’s gross domestic product (GDP) is expected to grow by 2.2 per cent in 2020 and by 2.4 and 2.6 per cent in 2021 and 2022, respectively, according to the International Monetary Fund’s (IMF) World Economic Outlook.
The gradual GDP growth forecast has been supported by the improvement in the trade balance, as well as the strong performance in the services and tourism sector, the Jordan News Agency, Petra, reported on Thursday.
The report also indicated that global growth is projected to pick up by 2.5 per cent in 2020, slightly higher than the low level registered in 2019, which was registered following the global financial crisis. Economic performance in a number of emerging markets and developing countries is experiencing a sharp drop in productivity-related rates since the global financial crisis, the report added.
Related Articles
AMMAN — Jordan's economy is expected to grow by 2.2 per cent in 2019 and 2.4 per cent in 2020 amid an anticipated slowdown in global growth,
WASHINGTON, DC —The International Monetary Fund (IMF) on Tuesday kept its forecast for economic growth in Jordan in 2019 at 2.2 per cent, th
AMMAN — Jordan's economy is expected to grow by 2.2 per cent in 2019 and rise slightly to 2.4 per cent in 2020, according to a World Bank re