Jordan Economic Monitor, Fall 2017 : Towards Stronger External Trade Performance
Jordan's economic performance remains tempered in 2017 while the fiscal adjustment is in progress; yet there are positive signs on the horizon. Real GDP growth for 2017 is expected to reach 2.1 percent, just a 0.1 percentage point (pp) increas...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/444331513705915370/Jordan-economic-monitor-Fall-2017-towards-stronger-external-trade-performance http://hdl.handle.net/10986/29098 |
| Summary: | Jordan's economic performance
remains tempered in 2017 while the fiscal adjustment is in
progress; yet there are positive signs on the horizon. Real
GDP growth for 2017 is expected to reach 2.1 percent, just a
0.1 percentage point (pp) increase from 2016. On the supply
side, services continue to be the principal driver of GDP
growth, and these are propelled by a robust performance in
tourism. Jordan's industrial sector is expected to
regain momentum based on a recovery in mining and quarrying
as the effect of the drop in potash prices starts
dissipating. On the demand side, private consumption and
investment in addition to net exports of goods and services
are projected to lead GDP growth. The combination of public
consumption and public investment are expected to be a drag
on GDP growth. The reliance of GDP growth on private demand,
as opposed to public demand, is a welcomed change from
growth patterns since 2014. As a result of the progress in
net exports, the current account deficit is projected to
narrow slightly to 8.8 percent of GDP. |
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