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IMF Country Report No. 24/345
1. Jordan continues to show resilience and maintain macro-economic stability, despite the headwinds caused by the ongoing and intensifying conflict in the region. The conflict in Gaza and Israel that started in October 2023 and broadened to Lebanon in September this year is raising further the already heightened regional tensions and uncertainty. Together with the disruptions to trade routes, it is creating substantial headwinds for Jordan’s economy.
JORDAN
1. Our Jordanian authorities are thankful to the Fund’s Executive Board and management for their continued support, and to staff for the productive discussions held in the context of the 2024 Article IV Consultation and the Second Review under the Extended Fund Facility (EFF).
Jordan’s economy continues to show resilience despite a challenging external environment. The economy continues to grow, albeit at a somewhat slower pace, inflation is low, and reserve buffers are strong. Growth is projected to pick up pace in 2025, contingent upon the Israel-Gaza conflict ending and its impact fading. Uncertainty is high, however, and structural challenges remain, with continued high unemployment.