AMMAN — According to the report “Middle East
Prospects 2023”, by the Economist Intelligence Unit, Jordan is among the Middle
Eastern countries that have “reassuring” inflation rates relative to other
countries in the region, the Jordan News Agency, Petra, reported.
The report forecast that in 2023, Jordan’s inflation rate
would hit 3.5 percent, which is lower than the inflation rates predicted for
Qatar, Palestine, Israel, Turkey, Egypt, Iraq, Iran, Yemen, and Syria.
Lebanon topped the list, with the highest inflation rate, at
167 percent. Meanwhile, Saudi Arabia had the lowest estimated inflation rate in
the region, at 2.8 per cent.
The report predicted that Jordan’s economy would grow by 2.6
per cent in 2023; Turkey, Iraq, the UAE, and Qatar were among the countries
with the highest growth expectations for next year.
In a speech about the 2023 general budget draft law (which
is estimated at JD11.4 billion), Finance Minister Mohamad Al-Ississ had said
that the Kingdom’s inflation rate was estimated to reach 3.8 percent in 2023,
and that the growth rate for the same year was expected to be the same as in 2022:
2.7 percent.
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