International Monetary Fund reduces its growth prospects in Jordan
10:22 - 14/11/2018
Information / Baghdad ..
The International Monetary Fund (IMF) has lowered its forecast for Jordan's GDP growth rate to 2.3% this year instead of its earlier forecast of 2.5% growth.
According to the World Economic Outlook issued by the International Monetary Fund, which obtained "tomorrow" a copy of it, the Fund predicted that the rate of inflation to 2.3% next year compared to 4.5% this year.
While the current account deficit is expected to fall from 9.6% to 8.6% this year.
Growth is expected to continue at a modest pace this year in oil-importing countries in the Middle East, North Africa, Afghanistan and Pakistan (MENAP) with moderate strength over the medium term, the IMF said in a report.
This growth is unbalanced and will probably remain low compared to previous general trends, with unemployment still high. In addition, high oil prices continue to weigh on public funds and external accounts.
The report pointed out that for larger, sustained and sustained growth, countries in the region must continue to implement structural and institutional reforms aimed at increasing competitiveness, giving impetus to investment and productivity, and encouraging a dynamic private sector capable of providing employment. Ending / 25