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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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2017
Subjects:	ECONOMIC GROWTH ECONOMIC OUTLOOK EMPLOYMENT FISCAL TRENDS TRADE MONETARY POLICY EXPORT DIVERSIFICATION APPAREL INDUSTRY AGRICULTURE
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

id	okr-10986-29098
recordtype	oai_dc
spelling	okr-10986-290982021-09-11T05:10:36Z Jordan Economic Monitor, Fall 2017 : Towards Stronger External Trade Performance World Bank ECONOMIC GROWTH ECONOMIC OUTLOOK EMPLOYMENT FISCAL TRENDS TRADE MONETARY POLICY EXPORT DIVERSIFICATION APPAREL INDUSTRY AGRICULTURE 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. 2017-12-28T19:45:27Z 2017-12-28T19:45:27Z 2017-12 Report http://documents.worldbank.org/curated/en/444331513705915370/Jordan-economic-monitor-Fall-2017-towards-stronger-external-trade-performance http://hdl.handle.net/10986/29098 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work Middle East and North Africa Jordan
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ECONOMIC GROWTH ECONOMIC OUTLOOK EMPLOYMENT FISCAL TRENDS TRADE MONETARY POLICY EXPORT DIVERSIFICATION APPAREL INDUSTRY AGRICULTURE
spellingShingle	ECONOMIC GROWTH ECONOMIC OUTLOOK EMPLOYMENT FISCAL TRENDS TRADE MONETARY POLICY EXPORT DIVERSIFICATION APPAREL INDUSTRY AGRICULTURE World Bank Jordan Economic Monitor, Fall 2017 : Towards Stronger External Trade Performance
geographic_facet	Middle East and North Africa Jordan
description	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.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Jordan Economic Monitor, Fall 2017 : Towards Stronger External Trade Performance
title_short	Jordan Economic Monitor, Fall 2017 : Towards Stronger External Trade Performance
title_full	Jordan Economic Monitor, Fall 2017 : Towards Stronger External Trade Performance
title_fullStr	Jordan Economic Monitor, Fall 2017 : Towards Stronger External Trade Performance
title_full_unstemmed	Jordan Economic Monitor, Fall 2017 : Towards Stronger External Trade Performance
title_sort	jordan economic monitor, fall 2017 : towards stronger external trade performance
publisher	World Bank, Washington, DC
publishDate	2017
url	http://documents.worldbank.org/curated/en/444331513705915370/Jordan-economic-monitor-Fall-2017-towards-stronger-external-trade-performance http://hdl.handle.net/10986/29098
_version_	1764468490856562688

Jordan Economic Monitor, Fall 2017 : Towards Stronger External Trade Performance

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