AMMAN — Muhammad Ali Al-Qaryouti, a member
of the
Jordanian Economic Forum's board of directors, confirmed the ongoing
recovery of the national economy. This is substantiated by growth figures
across various sectors, including a 2.8 percent expansion of the
GDP in Q1 2023.
اضافة اعلان
The
International Monetary Fund (IMF)
projects a 2.7 percent rise in real GDP growth for Jordan over the next two
years, with a further increase to 3 percent by 2025, Hala News reported.
Qarayouti noted that listed companies in
the financial market, achieved after-tax profits of JD1.066 billion in the
first half of the year. Among 161 reporting companies, 106 posted profits.
He highlighted growth in various economic
indicators during the current year, encompassing financial, agricultural,
construction, transportation, storage, communication, extractive industries,
tourism, and national exports sectors. Additionally, trade deficit and unemployment
rates decreased.
Jordan’s robustness
He elaborated on Jordan's success in
overcoming challenges, such as the
COVID-19 pandemic, supply chain disruptions,
the Russo-Ukrainian conflict, energy issues, and climate change. These
accomplishments demonstrate the national economy's resilience and growth,
distinguishing Jordan from major
global economies experiencing growth setbacks,
credit rating declines, and currency fluctuations.
He remarked that Jordan's robustness led to
enhanced credit ratings and positive economic growth expectations, supported by
international institutions. Jordan's adaptability to global shifts towards
decentralization facilitated entry into previously self-reliant markets,
evident in key sectors like agriculture, mining,
pharmaceuticals, and
information technology.
He added, "We now have a viable
opportunity to build upon these achievements. The private sector propels growth
while the public sector facilitates it. Therefore, maximizing the private
sector's role, enabling its potential, and addressing hindrances to production
are crucial."
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