Cover IMF Staff Country Reports
Jordan: Staff Report for the 2012 Article IV Consultation
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2012: Issue 119
Language:
English
Publication Date:
22 May 2012
DOI:
https://doi.org/10.5089/9781475503784.002
ISBN:
9781475503784
ISSN:
1934-7685
Pages:
70
Keywords:
ISCR; CR; consumer; Jordanian dinar; exchange rate; rebound; real GDP; prices of oil imports; financing need; inflation expectation; GCC economy; economy well; headline inflation; Fiscal stance; Current account deficits; Current account; Global; Middle East; World bank Group strategy; pricing schedule; electricity pricing; fiscal consolidation effort
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This 2012 Article IV Consultation highlights that the pace of economic activity in Jordan remains subdued. Following a period of robust growth during 2000–09 supported by a favorable external environment, economic activity slowed sharply. Jordan is also facing risks from a further deterioration in its terms of trade and unrest in neighboring countries. Executive Directors have commended the authorities’ track record of prudent and effective macroeconomic management. Directors have also welcomed the fiscal tightening in the 2012 budget and the authorities’ three-year fiscal reform agenda.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund