World Bank2015-06-232015-06-232015-06https://hdl.handle.net/10986/22047Jordans economy continues to slowly but steadily recover from the Arab Spring spillovers. These spillovers include Egypts gas disruptions, the neighboring Syrian and Iraqi conflicts and associated security incidents. Notwithstanding these shocks, real GDP growth rate is estimated to have reached 3.1 percent in 2014, up 30 basis points over 2013. From the supply side, growth was led by construction, wholesale and retail trade, and finance and insurance, with a pick-up in the mining and quarrying sector. On the demand side, growth was predominantly fueled by higher public investments, mostly due to earmarked GCC grants, and a narrower trade deficit. The steady economic recovery has improved unemployment rates although this masks underlying structural weaknesses. While unemployment dropped from 12.6 to 11.9 percent from 2013 to 2014, this was not driven by increased employment but by an equivalent and concerning drop in the labor force participation rate. This was possibly driven by discouraged workers given perceived competition from refugees and limited hiring prospects in the public sector given ongoing consolidation efforts.en-USCC BY 3.0 IGOTARIFFSLINE OF CREDITMONETARY POLICYCAPITAL MARKETSDEPOSITFINANCIAL SERVICESLINES OF CREDITRED TAPEECONOMIC GROWTHENTERPRISE DEVELOPMENTDEPOSITSPEOPLEFINANCINGFISCAL DEFICITSINFORMATION SYSTEMDISPOSABLE INCOMEINTERESTCREDIT FACILITIESPUBLIC INVESTMENTSGUARANTEESPRIVATIZATIONFINANCIAL DISTRESSPRIVATE CREDITINSURANCE SERVICESAVAILABILITY OF CREDITECONOMIC DEVELOPMENTSREVENUESFISCAL POLICYWELFAREANGEL NETWORKSCAPITAL ADEQUACYLOANCAPACITY BUILDINGCREDITWORTHINESSBORROWERSSUBSIDYINCOME TAXLABOR FORCE PARTICIPATIONCORRUPTIONPAYMENTSSAVINGBANKRUPTCYINPUT PRICESTREASURY BILLCREDITORSCREDITORMFISINFORMATION ASYMMETRIESLENDERMICROFINANCE INSTITUTIONSBANK LENDINGPUBLIC CREDITDEVELOPMENT CORPORATIONACCESS TO FINANCIAL SERVICESECONOMIC ACTIVITYLACK OF CREDITLABOR MARKETSAVINGSTECHNICAL ASSISTANCEFINANCIAL INSTITUTIONCOLLATERAL REQUIREMENTCOMMERCIAL BANKCHECKING ACCOUNTUNIONCURRENT ACCOUNTDEBTSFINANCESTAX EXEMPTIONSINTEREST RATESPAYMENTFINANCIAL INSTITUTIONSDEBTPRIVATE INVESTMENTLIMITED ACCESSRECEIPTSFINANCIAL PRODUCTSPENETRATION RATEVENTURE CAPITALACCOUNTS RECEIVABLELOANSENTERPRISESSOCIAL DEVELOPMENTPRIVATE EQUITYFINANCIAL SYSTEMREAL ESTATEPOOR CREDITFINANCEPUBLIC INVESTMENTBANKSFISCAL DEFICITEXPENDITUREREGULATORY POLICIESUNEMPLOYMENTDEBT FINANCINGCOLLATERAL REQUIREMENTSCHECKING ACCOUNTSEQUITYGRANTINDICATORS OF ACCESSLOAN GUARANTEECAPITALBUSINESS DEVELOPMENT SERVICESFINANCE ACCESSLACK OF ACCESSOVERDRAFTSTUDENTFAMILYACCESS TO FINANCEBUSINESS DEVELOPMENTGENDERBANKFOREIGN DIRECT INVESTMENTCREDITTREASURY BILLSINTEREST PAYMENTFINANCIAL INSTRUMENTSWORKING CAPITALHOUSEHOLDEDUCATION LEVELEXPENDITURESCREDIT INFORMATIONENTERPRISEPROPERTYCREDIT REPORTINGJOB CREATIONEMPLOYMENT GROWTHREFUGEESTRANSACTION COSTSGUARANTEE SCHEMECREDIT BUREAUDIVERSIFICATIONFINANCIAL INFRASTRUCTURECREDIT INFORMATION SYSTEMACCESS TO CREDITMICROFINANCELOAN RECOVERYEMPLOYERMICRO-ENTERPRISESECURITYBANK LOANSINVESTMENTFINANCIAL INTERMEDIATIONCOMMERCIAL BANKSHOUSEHOLDSCOLLATERALPUBLIC FINANCESINTERNAL FUNDSBORROWINGSFINANCIAL MARKETSTARIFFENTREPRENEURSHIP DEVELOPMENTCOOPERATIONEXTERNAL SHOCKSREVENUEPRIVATE INVESTMENTSEARNINGSINVESTMENTSBORROWINGHOUSEHOLD WELFAREEXTERNAL FINANCINGBANKING SUPERVISIONFINANCIAL INTERMEDIATIONSFORM OF COLLATERALWOMENOUTREACHREMITTANCESBANK BRANCHESCREDIT HISTORYISSUE OF ACCESSCREDIT INSTITUTIONSCREDIT LINESGUARANTEECREDIT REGISTRYCASH FLOWSTART-UPSEMPLOYEESReportWorld Bank10.1596/22047