Jordan’s economy to grow by 1.8 percent this year: World Bank

Jordan

Published: 2021-01-07 12:50

Last Updated: 2021-04-22 10:46


Jordan’s economy to grow by 1.8 percent this year: World Bank
Jordan’s economy to grow by 1.8 percent this year: World Bank

Jordan’s economy is expected to grow by 1.8 percent in 2021, which will rise to 2 percent in 2022, according to the World Bank's 2021 Global Economic Prospects report.

The World Bank indicated that the economic activity in the Middle East and North Africa is expected to increase by 2.1 percent this year, taking into consideration the repercussions of the COVID-19 pandemic and low oil prices.

Recovery is based on the COVID-19 situation, stabilizing oil prices, no further escalation of geopolitical tensions and vaccination predictions in the second half of 2021.

The World Bank predicts growth in the global economy following the coronavirus crisis, which resulted in losses estimated around five percent last year.