AMMAN —
The
World Bank is predicting a “moderate” economic growth rate for Jordan, due
to the effects of the war in Ukraine and associated sanctions, adding that such
effects “may create headwinds and negative risks” to the recovery of Jordan’s
economy, Al-Mamlaka TV reported.
اضافة اعلان
In Jordan’s
Economic Update report for April, the bank stated that “the rise in commodity
prices globally could raise Jordan’s inflation rate this year to 3.3 percent”.
The Department of Statistics said that the rate of inflation reached 2.4
percent last January.
The report raised
its prospects for the growth of
Jordan’s economy by 0.1 percentage points,
reaching 2.1 percent in the current year, compared with last year’s growth of 2
percent. The recovery of supportive local government policies, the growth of
tourism and services sectors are expected to boost the economy, the report
said.
The report indicated that Jordan’s trade links with
Ukraine and Russia are “limited”, but the steady and accelerating rise in commodity
prices and the stronger slowdown in global growth presents “imminent downside
risks to the economy”.
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