Moody's: Jordan Economy Shows Resilience
Moody's agency reveals that the Jordanian economy has demonstrated a tangible capacity to withstand shocks despite regional geopolitical tensions. It projects a real GDP growth rate of 2.7% in 2026, reaching 3% for the remainder of the decade. This growth is supported by major infrastructure projects and improved regional trade, including with Syria. The report attributes this resilience to the strength of Jordan's institutions and its fiscal policies, along with robust international support. Despite challenges such as increasing debt levels, unemployment, social pressures, and shifts in the geopolitical landscape, the agency notes that current tourism revenues remain stable even as some export sectors face decline. The public finances are experiencing a slowdown due to higher energy costs, but the overall debt burden is expected to decrease from 83.6% of GDP to around 81% by the end of 2027. Moody's confirms that Jordan's sovereign rating remains within the "Ba2" to "B1" range, based on the strength of its institutions and a track record of reforms. The outlook remains stable with limited risks, and there is potential for rating improvement if reforms continue and investments increase, especially as regional geopolitical risks diminish.
Notice: This Is an AI-Generated Summary
Comments (0)