Jordan: Staff Report for the 2012 Article IV Consultation

International Monetary Fund

No 2012/119, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2012 Article IV Consultation highlights that the pace of economic activity in Jordan remains subdued. Following a period of robust growth during 2000–09 supported by a favorable external environment, economic activity slowed sharply. Jordan is also facing risks from a further deterioration in its terms of trade and unrest in neighboring countries. Executive Directors have commended the authorities’ track record of prudent and effective macroeconomic management. Directors have also welcomed the fiscal tightening in the 2012 budget and the authorities’ three-year fiscal reform agenda.

Keywords: ISCR; CR; consumer; Jordanian dinar; exchange rate; rebound; real GDP; prices of oil imports; financing need; inflation expectation; GCC economy; economy well; headline inflation; Fiscal stance; Current account deficits; Current account; Global; Middle East; World bank Group strategy; pricing schedule; electricity pricing; fiscal consolidation effort (search for similar items in EconPapers)
Pages: 70
Date: 2012-05-22
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Citations: View citations in EconPapers (47)

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