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
IMF Staff Country Reports, January 6, 2022
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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
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Bibliographic details
- Published: January 6, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781616358785.002
Economic outlook and growth
- A nascent recovery is underway, supported by targeted fiscal and monetary measures.
- Real GDP growth expected at 2 percent in 2021.
- Real GDP growth expected to strengthen to 2.7 percent in 2022.
COVID-19 impact and mitigation
- Preventive actions and a robust vaccination campaign mitigated the effects of COVID-19 variants on the economy.
Inflation and price dynamics
- Core inflation at 0.7 percent y-o-y in September.
- Core inflation described as subdued despite higher fuel prices, reflecting a slow pass-through and weak domestic demand.
Labor market
- Unemployment persists at very high levels, particularly for the youth.
External position and financial indicators
- Reserves are comfortable.
- Dollarization is declining.
Subject areas covered
- Arrears
- External debt
- Fiscal policy
- Fiscal stance
- International organization
- Monetary policy
- Public debt
- Revenue administration
IMF Staff Country Report: 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 (Country Report No. 2022/004, 107 pages).
Content in this bundle
- 1jorea2022001