The good, and bad, effect of the Eid holiday

(Photo: Jordan Tourism Board)

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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