1 Day
Source:
زاد الاردن
Moody's Projects 3% Growth for Jordan
Moody's credit rating agency indicates that the Jordanian economy demonstrates resilience despite regional tensions. It anticipates that the real Gross Domestic Product (GDP) growth rate will gradually rise to 3% during the current decade. The report projects that growth will reach 2.7% in 2026, driven by infrastructure projects and improvements in regional trade. Continued reform efforts are expected to accelerate growth, reduce unemployment, and lower the government’s debt burden from 83.6% to around 81% by 2027. The agency confirms that Jordan's credit rating remains within the "Ba2" to "B1" range, highlighting the professionalism of its economic institutions and the coherence of its fiscal policy despite challenges such as high debt levels and social pressures. It also notes that ongoing reforms and limited regional tensions could support an improvement in the country’s rating in the future.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)