AMMAN — Former president of the Royal
Court Economic Department
Mohammed Al-Rawashdeh pointed to a rise in
unemployment in Jordan, where the unemployment rate jumped from 12 percent in
2010 to its current 50 percent among youth under the age of 29, Khaberni News
reported. The poverty rate, at 14 percent in 2010, currently stands at 27
percent, while public debt has risen from JD12 billion in 2010 to the current
JD38 billion, he said.
اضافة اعلان
Rawashdeh predicted that, by the end of the year,
public debt will verge on JD40 billion.
“This is something to be concerned about, because
(debt) has caused the collapse of countries,” he said, noting that debt is a
burden for future generations, which will bear a very large tax cost.
Today’s global economy is fluctuating between an
ongoing health crisis and a food crisis, and it lacks balance, with
expectations for relatively low economic growth rates for this year, he noted.
Rawashdeh said that Jordan’s economy is facing one
of its worst conditions, with problems in investment, poverty, unemployment,
production, and economic growth. However, the exchange remains strong.
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