Washington (INA) – The International Monetary Fund expected today, Tuesday, that real growth in Jordan's gross domestic product will reach 2.3 percent for the current year, and that inflation will stabilize at 2.5 percent, during the same period. Real GDP growth reached 2 percent in 2016, while inflation during the same period was 2.5 percent. The Fund said in a report reviewing the performance of the Jordanian economy, which it issued earlier today: that the regional conditions, the results of the Syrian and Iraqi crises, and the decline in oil prices, have greatly affected the Jordanian economy. He pointed out that the indicators of the first months of this year showed an improvement in the field of exports, tourism revenues and remittances, compared to 2016. The Fund called on the government to continue financial reforms, and praised the efforts it had made so far to maintain macroeconomic stability, reduce the budget deficit and maintain On prudent monetary policy and a sound financial system. The fund said earlier: The year 2017 will not be easy for Jordan's economy, because it will witness the adoption of several bold decisions. Jordan is associated with the Fund, with an extended facilities program, which aims to keep the public debt at 94 percent of GDP, and gradually reduce it to 77 percent of GDP by 2021. ((End)) hs
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