22-Feb-2012Market Update - Jordan
Being one of the smaller economies in the Middle East, Jordan has undertaken the task of tackling big issues at the onset of an already difficult year.
It is grappling with an increasing foreign debt, inflation and subsidy costs from the slump in business and investment in 2011 that is likely to carry forward. Jordan is also trying to resuscitate stagnating relations between Palestine and Israel, as well as gripping itself for more Syrian refugees as the situation worsens in its neighbouring country.
However, Jordan seems to be ready for the challenge with a satisfactory growth of 3.6 per cent in 2012-13, which is expected to pick up to an average of 4.3 percent from 2014-16.
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