AMMAN (Reuters) – A rebound in Jordan’s economic growth to a forecast 2.5% in 2021 depends on continued economic activity during the coronavirus pandemic, the country’s finance minister said on Sunday.
Growth contracted by 3% in 2020, hit by lockdowns, border closures and a sharp fall in tourism during the pandemic, but the government and the International Monetary Fund (IMF) both predict a bounce of similar magnitude this year.
“This forecast depends on the assumption of continued economic activity without imposing any lockdowns, if the contrary happens, this growth estimate will not be achieved,” Mohammad Al Ississ told deputies during a budget speech in parliament. Read more…..
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Jordan will experience its first economic contraction since 1989 given the impact of the coronavirus outbreak, says Finance Minister Mohamad Al-Ississ.