AMMAN —
With the lifting of restrictions due to
COVID-19, the Jordanian economy has
been recovering and is expected to record a growth rate of 2.5 percent in 2023,
the
European Bank for Reconstruction and Development (EBRD) said.
اضافة اعلان
GDP is envisaged
to have registered a 2.2 percent rise in 2021 due to a strong performance by
the mining and agricultural sectors, and the related financial and commercial
services, EBRD said in a report, carried by Al-Mamlaka TV.
The report
indicated that growth in other sectors remained below the pre-COVID-19 levels.
It said there was a limited recovery in the tourism sector, but inflation
continued to climb, reaching an annual rate of 2.5 percent recorded by March
2022, because of shortfalls from the energy and food sectors.
The report
predicted the
GDP growth to reach 1.9 percent this year, as the repercussions
of the war in Ukraine continue to affect tourism and trade, and led to a rise
in commodity prices and weaker consumption.
International
Monetary Fund- -supported reforms are expected to contribute to the envisaged
growth. But it is likely to remain moderate because of the government’s
tightened belts policy, despite its plan for increased social spending in 2022
to mitigate the impact of the war in Ukraine.
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