Marketing & Market Research
Country Economic Forecasts - Jordan
Country Economic Forecasts - Jordan
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Country Economic Forecasts - Jordan
We maintain our GDP growth forecasts at 1.8% for 2021 and then 2.4% in 2022. Despite a gradual re-opening of the economy and slow return of tourists, we forecast only a modest return to growth in 2021 due to the ongoing impact of the pandemic and pervasive structural issues that continue to contribute to high unemployment and weak balance sheets. That said, a recovery in real estate sales, construction activity and industrial production poses an upside risk to our growth projections.