Jordan's economy grows despite regional conflicts
The European Bank for Reconstruction and Development's report shows that the Jordanian economy maintained its resilience during the first half of 2026, despite regional challenges such as energy supply disruptions and the tourism sector impacted by the Middle East conflict. The economy grew by 2.9% in the first quarter, driven by strong activity in agriculture, industry, and commerce, despite a slowdown in mining, construction, and tourism sectors. International reserves remained adequate at $26.5 billion (more than eight months of imports), while the current account deficit narrowed due to decreased imports and worker remittances, despite declines in exports and tourism revenues. Rising fuel prices led to inflation increasing to 2.8% in May before easing to 2.7% in July. The bank forecasts a 2.5% growth in 2026, with a potential recovery to 2.8% in 2027—contingent on addressing trade challenges and falling energy prices—while Jordan’s economy continues to show resilience despite regional difficulties.
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