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Dr. Mohamed Abdul-Sattar Jaradat
In his address to the House of Representatives, the Jordanian Prime Minister outlined a comprehensive vision aimed at achieving holistic modernization across vital sectors to ensure sustainable development for the Kingdom
Jordanian Economic Reforms: Towards Stability and Sustainable Growth
As part of a strategic initiative to foster sustainable and inclusive economic development, the Jordanian government has implemented a plan to hold Cabinet meetings monthly in different governorates.
Economic Implications of the Federal Reserve’s Interest Rate Cut on the Jordanian Economy: An In-depth Analysis of the Central Bank of Jordan’s Response
With the rapid digital transformation and the expansion of e-commerce platforms, consumer shopping habits have undergone a significant shift. For many, online shopping has evolved from a convenience to an increasingly common phenomenon known as shopping addiction. Shopping addiction is a psychological condition in which consumers feel a persistent and often unjustified urge to make purchases, even when there is no real need for the products.
A recent S&P Global Ratings report has highlighted the deepening challenges facing the global economy, warning of an impending sovereign debt crisis. The world could witness a significant rise in sovereign defaults on foreign currency debts over the next decade due to soaring debt levels and unprecedented increases in borrowing costs. The recent crises, including the COVID-19 pandemic, the Russia-Ukraine war, and geopolitical tensions in the Middle East such as in Gaza and Lebanon, have further weakened both developing and developed economies, making many more vulnerable to financial collapse. Furthermore, rising oil and gold prices are expected to exacerbate the pressure on already strained economies.
The Jordanian economy faces significant challenges, including high public debt exceeding 100% of GDP and unemployment rates above 20%. Additionally, regional pressures, such as the influx of refugees and political crises, contribute to these difficulties. Nevertheless, the Jordanian government has established the 2025 vision aimed at enhancing economic performance and achieving financial stability.
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