Short-and Long-run Influence of COVID-19 on Jordan's Economy

Rasha Istaiteyeh

Advances in Management and Applied Economics, 2024, vol. 14, issue 1, 1

Abstract: Global economic growth projections have been revised downward in the wake of the COVID-19 pandemic. This adjustment mirrors a substantial global economic decline brought about by COVID-19-induced lockdowns, which greatly restricted labor force movement and disrupted international trade, with Jordan aligning itself with this downward trend. This report provides a comprehensive sector-specific assessment of the COVID-19 impacts on the Jordanian economy, drawing on Jordanian official reports, various news sources, and expert opinions. Jordan's battle with COVID-19 extends beyond public health, encompassing significant economic challenges, with the ongoing economic struggle potentially proving more formidable than the health crisis. Therefore, Jordan's primary focus should be on establishing a precisely targeted social safety net, given the pandemic's highlighting of widespread informality in employment across the Middle East and North Africa region, as it navigates its path to economic recovery. Â JEL classification numbers: I, I15.

Keywords: Â COVID-19; Economic influence; Jordan; Microeconomics; Macroeconomics. (search for similar items in EconPapers)
Date: 2024
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