Cover IMF Staff Country Reports
Buy Book in Print
Jordan: Third Review under the Extended Arrangement under the Extended Fund Facility and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Jordan
Author:
International Monetary Fund. Middle East and Central Asia Dept.
Search for other papers by International Monetary Fund. Middle East and Central Asia Dept. in
Current site
Google Scholar Close
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2022: Issue 004
Language:
English
Publication Date:
06 Jan 2022
DOI:
https://doi.org/10.5089/9781616358785.002
ISBN:
9781616358785
ISSN:
1934-7685
Pages:
107
Keywords:
transparency policy; Jordanian authorities; growth strategy; core inflation; policy effort; Jordanian dinar; government of Jordan; vaccination campaign; support private sector competitiveness; Arrears; Fiscal stance; Global
Download PDF (3.7 MB) Download Epub
Preventive actions and a robust vaccination campaign mitigated the effects of COVID-19 variants on the economy. A nascent recovery, supported by targeted fiscal and monetary measures, is underway, with real GDP growth expected at 2 percent in 2021, strengthening to 2.7 percent in 2022. However, unemployment is persisting at very high levels, particularly for the youth. Core inflation, at 0.7 percent y-o-y in September, is subdued, despite higher fuel prices, reflecting a slow pass-through, but also weak domestic demand. Reserves are comfortable, and dollarization is declining.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund