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Jordan's King Abdullah (R) speaks with his son
Crown Prince Hussein.

Jordan's Q4 growth slows to 2.2pc

Amman, March 31, 2013

 

Economic growth in Jordan slowed to 2.2 percent year-on-year in the fourth quarter from 2.6 percent in the third quarter, central statistics office data showed on Sunday.
 
The International Monetary Fund (IMF) said this month it expects the economy to expand above 3 percent in 2013, reflecting an increase in government capital spending, a recovery in exports and higher domestic consumption.
 
Other signs of recovery include foreign reserves which have been boosted by at least $1.5 billion of Gulf money and greater confidence in the local economy by investors, officials say. - Reuters



Tags: economy | Jordan | growth | IMF |

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