AMMAN — The chairman of the board of directors of
Aqaba Chamber of Commerce, Nael Al-Kabariti, stated that Jordan is currently
suffering from economic slowdown and requires different and new approaches to
increase growth rates. This is necessary to activate the
economic cycle,
emphasizing that there is a liquidity shortage due to repeated interest rate
hikes and over-taxation, both of which deter investors.
اضافة اعلان
Kabariti said that attracting investments is the only way to
increase growth rates, employ the workforce, and provide liquidity. He pointed
out that focusing on production in various sectors contributes to stimulating
the economy, Jo24 reported.
He also explained that
attracting investments requires
changing the way investors are dealt with, from their arrival at the airport
until their departure from the country, and removing all obstacles and
bureaucratic aspects. Emphasizing that piecemeal solutions do not serve the
economy.
Over-taxation
The economic growth rate stands at 2 percent, indicating
that there is no movement in the economy, and the government has increasingly
relied on taxes alone due to their suspension of
capital projects.
He indicated that proposed solutions to revitalize the
current
economic situation include reducing
bank interest rates, lowering
taxes, and focusing on attracting investments, especially in the field of
information technology. He continued to emphasize that raising interest rates
and taxes are obstacles to investment.
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