Jordan Economic Monitor, Fall 2016: Reviving a Slowing Economy

doi:10.1596/25463

Publication:
Jordan Economic Monitor, Fall 2016: Reviving a Slowing Economy

dc.contributor.author	World Bank
dc.date.accessioned	2016-11-29T14:15:00Z
dc.date.available	2016-11-29T14:15:00Z
dc.date.issued	2016-11-24
dc.description.abstract	Jordan’s economic growth has been subdued in the last year as spillovers from regional instability take a toll. Jordan has been managing spillovers from the Syrian crisis including closure of trade routes with Iraq and Syria and hosting more than 656,000 registered Syrian refugees with UNCHRwith an estimated 1.3 million Syrians in Jordan as per the census. While the Jordanian economy hasheld up with growth generated from a number of sectors, it has been losing momentum. Growth of2.1 percent in the first half of 2016 slightly declined compared to 2.2 percent in first half of 2015. The outlook is subject to downside risks. Compared to the region, Jordan’s growth forecast of 2.3 percent for 2016 is in line with the average growth rate for the Middle East and North Africa. However, higher frequency of security incidents are materializing around Jordan and could further depress consumer and investor confidence. Containing the fiscal deficit and implementing the new IMF program will be challenging as some adjustment measures could be considered socially sensitive. In parallel, the implementation of planned reforms to improve the functioning of the labor market, improve the investment climate and unlock access to finance which are vital to stimulate economic activity, and improve welfare. Finally, Jordan’s external position will face further pressures if expected grants and concessional financing do not materialize and grants are not sustained and increased.	en
dc.identifier	http://documents.worldbank.org/curated/en/2016/11/26948697/reviving-a-slowing-economy
dc.identifier.doi	10.1596/25463
dc.identifier.uri	https://hdl.handle.net/10986/25463
dc.language	English
dc.language.iso	en_US
dc.publisher	World Bank, Washington, DC
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo/
dc.subject	economic growth
dc.subject	economic outlook
dc.subject	employment
dc.subject	fiscal trends
dc.subject	monetary policy
dc.subject	trade deficit
dc.subject	education reform
dc.subject	education spending
dc.subject	Syrian crisis
dc.subject	Arab Spring
dc.subject	economic recovery
dc.title	Jordan Economic Monitor, Fall 2016	en
dc.title.subtitle	Reviving a Slowing Economy	en
dc.type	Report	en
dc.type	Rapport	fr
dc.type	Informe	es
dspace.entity.type	Publication
okr.crossref.title	Jordan Economic Monitor, Fall 2016
okr.date.disclosure	2016-11-24
okr.doctype	Economic & Sector Work::Economic Updates and Modeling
okr.doctype	Economic & Sector Work
okr.docurl	http://documents.worldbank.org/curated/en/2016/11/26948697/reviving-a-slowing-economy
okr.guid	171391479395389817
okr.guid	625871479394950791
okr.identifier.doi	10.1596/25463
okr.identifier.externaldocumentum	090224b084709acd_1_0
okr.identifier.internaldocumentum	26948697
okr.identifier.report	110331
okr.imported	true
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/625871479394950791/pdf/110331-WP-v2-PUBLIC-on-11-24-4-am-JORDAN-ECONOMIC-MONITOR-Fall-2016.pdf	en
okr.region.administrative	Middle East and North Africa
okr.region.country	Jordan
okr.topic	Macroeconomics and Economic Growth::Economic Growth
okr.topic	Education::Education Reform and Management
okr.topic	Macroeconomics and Economic Growth::Economic Conditions and Volatility
okr.topic	Macroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topic	Macroeconomics and Economic Growth::Political Economy
okr.unit	Macro & Fiscal Mgmt - GP (GMFDR)