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Jordan: Third Review under the Extended Arrangement under the Extended Fund Facility and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Jordan

International Monetary Fund

No 2022/004, IMF Staff Country Reports from International Monetary Fund

Abstract: Preventive actions and a robust vaccination campaign mitigated the effects of COVID-19 variants on the economy. A nascent recovery, supported by targeted fiscal and monetary measures, is underway, with real GDP growth expected at 2 percent in 2021, strengthening to 2.7 percent in 2022. However, unemployment is persisting at very high levels, particularly for the youth. Core inflation, at 0.7 percent y-o-y in September, is subdued, despite higher fuel prices, reflecting a slow pass-through, but also weak domestic demand. Reserves are comfortable, and dollarization is declining.

Keywords: transparency policy; Jordanian authorities; growth strategy; core inflation; policy effort; Jordanian dinar; government of Jordan; vaccination campaign; support private sector competitiveness; Arrears; Fiscal stance; Global (search for similar items in EconPapers)
Pages: 107
Date: 2022-01-06
New Economics Papers: this item is included in nep-ara, nep-his and nep-mac
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