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Jordan sees 2011 GDP growth at 3pc

Abu Dhabi, September 7, 2011

Jordan's economy may grow at a rate of 3 per cent in 2011, its finance minister said, below a 3.5 per cent target set by the International Monetary Fund for the year.

"Real GDP growth for 2011 stands at 3 per cent and the reason is the impact of the crisis on us which will leave an effect on investment," Mohammad Abu Hamour told reporters at a meeting of Arab finance ministers in Abu Dhabi on Wednesday.

The economy will however grow at a rate "not less than 3.5 per cent" in 2012, Hamour said. The kingdom may also issue an Eurobond or sukuk worth $1 billion in 2012, he added.

In June, Hamour said he expected the economy to grow at 3.5 percent in 2011 with recovering capital inflows.-Reuters




Tags: Jordan | GDP growth |

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