AMMAN — The long
holiday that follows the
holy month of Ramadan is bound to have a positive
effect on some economic sectors, while others will be negatively impacted, as
will citizens’ pockets.
اضافة اعلان
Prime Minister Bisher Al-Khasawneh announced that Eid Al-Fitr holiday will start on Monday.
With Labor Day observed on Sunday, all ministries, official departments, public
institutions and bodies, official universities, municipalities, joint services
councils, and companies wholly owned by the government will suspend their
business from Monday through Thursday.
According to
economist Jawad Anani, purchases are expected to increase during the Eid
holiday, “especially after two years of pandemic”, as will the business of
restaurants, sweets shops and of clothes retail industry.
The holiday will
also encourage domestic tourism, and contribute to reviving some sectors such
as transportation and hospitality, he said.
On the other hand,
the long holiday will have a negative effect on the productivity of both public
and private sectors.
It also requires
the government to prepare for emergencies, which “is a stressful matter”.
At a different
level, with the end of the parliamentary session approaching, “it is expected
that during the Eid holiday rumors will increase”, Anani added.
Head of the
Workers’ House Hamada Abu Najma told Jordan News that the Eid holiday may be an opportunity for some
sectors, such as hotels and restaurants, to work intensively.
Jordan Engineers
Association Fawzi Masaad told Jordan News that the holiday will have negative effects,
especially on engineering offices, as it will affect their productivity.
Masaad stressed that these companies do not have the
financial ability to compensate employees if they accept to work during Eid,
and that will affect construction projects.
Head of the
Syndicate of Owners of Restaurants
Omar Awwad told Jordan News that during the Eid holiday restaurants are expected to witness a great
turnout, coming, as it does, after two years of pandemic, and coinciding with
warm summer temperatures.
Economist
Yousef Damra told Jordan News that the Eid holiday has an impact on the gross
domestic product, especially in the government sector, because many services
contribute to the GDP, while some private sectors will witness prosperity.
Economist
Mazen Irsheid told Jordan News that the Eid holiday will negatively affect the
production process of some companies, but it will revitalize commerce,
“especially since it comes at the end of the month”, when salaries have been
paid.
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