São Paulo – The Jordanian economy is recovering, inflation is on the way down and energy spending is decreasing. So says a report on the country released this Wednesday (7th) by the International Monetary Fund (IMF). According to the document, Jordan still faces with two major challenges: a high unemployment rate, at 12.6%, and conflict in neighbouring Syria.<\/p>\n
“Fiscal consolidation started in mid-2012, reducing the combined primary central government deficit and the electricity company’s losses from 14.5% of GDP in 2011 to 8.3% of GDP in 2014,” the report reads.<\/p>\n
According to the IMF, the Jordanian GDP was up approximately 3% in 2013, should be up 3.5% in 2014 and 4.5% in the medium term. The inflation rate was 3.3% in 2013, is expected to drop to 2.5% by the end of this year, and then level out at 2% in the medium term. <\/p>\n
The Fund notes that the unemployment rate must be reduced and warns of eventual crises in gas supply from Egypt, noting that the Syrian crisis is a threat to Jordan’s economic development. “Risks to this outlook remain substantial, mostly related to the Syria conflict and further fluctuations in gas from Egypt,” according to the report.<\/p>\n
*Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" The IMF says the fiscal reform implemented in 2012 is bearing fruit. According to forecasts, inflation should decline and the economy should grow further, but the Fund warns of high unemployment.<\/p>\n","protected":false},"author":2316,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-47868","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The IMF says the fiscal reform implemented in 2012 is bearing fruit. According to forecasts, inflation should decline and the economy should grow further, but the Fund warns of high unemployment.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/47868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=47868"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/47868\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=47868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=47868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=47868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}