AMMAN — The World Bank, in its “Jordan
Economic Monitor spring 2022” report, projected that the economic recovery in
Jordan will remain stable this year, with a slight impact expected from global
risks, according to local news outlets.
اضافة اعلان
The World Bank said that Jordan’s
economy is expected to grow to 2.1 percent in 2022, partly due to the gradual
revival of economy activity, including the tourism sector. Lockdowns brought
business to a complete standstill in the wake of the COVID-19 pandemic.
The World Bank said that improving
travel prospects will help speed up the process of recovery in the services
sector, which was dealt a severe blow under the pandemic.
The government’s latest Economic
Priorities Program for 2021-2023 is expected to stimulate the economy.
The World Bank said that recovery in the
services sector helped relieve some pressure from the labor market in Jordan,
when unemployment peaked at 25 percent in the first quarter of 2022.
But unemployment levels remain
significantly higher in the Kingdom, compared with its counterparts in the
region.
The World Bank said in its “Jordan
Economic Monitor spring 2022” report, which was released on Monday, that
Jordan’s economic recovery from the pandemic “remains moderate”.
It explained that the Kingdom’s economy
recorded a strong rebound of 2.2 percent last year, compared with an economic
contraction of 1.6 percent in 2020.
The World Bank
noted that this growth “is slightly higher than the 2.1 percent average
recorded in the five years before the pandemic.”
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