Jordan: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Jordan

July 24, 2017

Preview Citation

Format: Chicago

Jordan: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Jordan, (USA: International Monetary Fund, 2017) accessed November 23, 2024

Summary

This 2017 Article IV Consultation highlights that Jordan has made significant progress since the 2014 Article IV Consultation but pressing challenges remain. The gradual pick-up in growth from 2010 to 2014 ended in 2015, with real GDP growth decelerating from 2.4 percent in 2015 to 2 percent in 2016. Labor market conditions have remained challenging, particularly for youth and women, with the unemployment rate increasing to 15.8 percent in the second half of 2016. Despite considerable progress and recent improvements, the outlook remains challenging. Real GDP growth is projected to reach 2.3 percent in 2017, while inflation is expected to stabilize at about 2.5 percent by year-end.

Subject: Banking, Credit, Money, Oil prices, Prices, Public debt, Revenue administration, Tariffs, Taxes

Keywords: Central bank of Jordan, CR, Credit, Deposit dollarization, Electricity tariff, Global, IMF director, ISCR, Oil prices, Staff appraisal, Tariffs

Publication Details

Pages:

132
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/231
Stock No:

1JOREA2017001
ISBN:

9781484312056
ISSN:

1934-7685

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