Jordan's economy expected to grow by 2.7% in 2023: Minister - Amman News
by IANS | Updated Jan 10, 2023
The national economy is moving "confidently" on the path of gradual recovery and Jordan is one of the few countries that international institutions expect to maintain improved economic performance in 2023, the Minister said while addressing a Lower House session on Monday.
He said the net foreign direct investment inflows in the first three quarters of 2022 reached 629 million Jordanian dinars ($886 million), which is 94 per cent higher compared to the same period in 2021.
Al-Ississ added that the the country's foreign reserves stood at $17.3 billion at the end of 2022, which reflects the strength of the Jordanian dinar.
The reserves, he said, cover 7.5 months of the kingdom's imports of goods and services.
The Minister added that Jordan's inflation widened to 4.2 per cent in 2022 and is expected to narrow to 3.8 per cent in 2023.
"Inflation in Jordan is one of the lowest in the world and reflects the government's success in curbing inflation," al-Ississ said.
According to the Minister, Jordan is expected to receive $1,130 million in grants in 2023.
He added that there are strong indicators of recovery in the fields of exports and tourism.
- Eurozone inflation slows to 8.5% in Jan: Eurostat
- Germany, Italy close Istanbul consulates over security concerns in Turkey
- Cambodia continues to pursue independent foreign policy: FM
- Sri Lanka receives over 100K tourists in January
- Death toll in suicide bombing in Pakistan mosque reaches 72
- Covid-19 still int'l health emergency: WHO
- Palestinian killed by Israeli soldiers in southern West Bank: Medics
- Iran summons Ukraine's envoy over presidential aide's tweet about Isfahan drone attack
- Israeli citizen arrested after crossing into Lebanon
- Egyptian Prez, US state secretary discuss Israeli-Palestinian tensions