Jordan's per capita income to be constrained this year, says World Bank

Economy

Published: 2024-01-11 14:29

Last Updated: 2024-06-22 08:37


Jordan's per capita income to be constrained this year, says World Bank
Jordan's per capita income to be constrained this year, says World Bank

The World Bank anticipates that per capita income (PCI) in Jordan will be constrained during the current year due to the private sector's inability to generate new jobs.

In its report on the global economic outlook, the bank expects the tourism sector in Jordan to be negatively affected by the repercussions of tensions in the Middle East.

It also anticipates a slowdown in economic growth in Jordan this year to 2.5 percent, following last year's growth of 2.6 percent.

On the broader scale of the Middle East and North Africa region, the World Bank foresees a recovery in growth.