AMMAN — Latest figures show that the
national economy is accelerating toward full recovery after slowing down as a
result of the impact of the
COVID-19 pandemic, Jordan News Agency, Petra,
reported Saturday.
اضافة اعلان
According to official data, GDP grew at constant
market prices during the second quarter of this year by 2.9 percent over the
second quarter of last year.
The value of national exports increased from the
beginning of the year until the end of August by 45.6 percent, to reach JD5.454
billion, compared to JD3.745 billion in the same period last year.
The unemployment rate has decreased during the
second quarter of this year 2022 by 2.2 percent, to 22.6 percent.
Remittances of
Jordanians working abroad recorded an
increase of 0.6 percent since the beginning of the year until the end of
August, to reach about $2.251 billion, compared to $2.238 billion in the same
period last year.
On the other hand, the general index of consumer
prices, which measures inflation, has increased from the beginning of the year
until the end of October by 4.14 percent, to reach 106.53, compared to 102.29
in the same period last year.
Imports also increased in the first eight months of
this year, by 37.8 percent, to reach JD13.014 billion, compared to JD9.447
billion in the same period last year.
In view of these healthy indicators, Moody’s credit
rating agency announced last week that it raised Jordan’s long-term sovereign
credit rating from B1-stable to B1-positive.
The agency attributed the change of Jordan’s future
outlook to positive to the government’s commitment to implementing a broad
package of structural reforms, especially in the public finance area, which
gave the Kingdom’s credit position the flexibility and strength needed to grow
in rating.
Moody’s move coincided with the announcement, by the
government and the
International Monetary Fund, of the successful completion of
the fifth review at expert level within the Extended Fund Facility program.
According to
previous statements by the governor of the
Central Bank of Jordan, Adel
Sharkas, the new review bore promising results, as the fund raised its
expectations for the performance of the Jordanian economy during this year to
2.7 percent, while it had predicted 2.4 percent in the previous review.
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