{
  "title": "Jordan: Staff Report for the 2012 Article IV Consultation",
  "publication": "IMF Staff Country Reports, May 22, 2012",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/jordan-staff-report-for-the-2012-article-iv-consultation-25937",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Economic performance",
      "content": "- Pace of economic activity in Jordan remains subdued.\n- Following a period of robust growth during 2000–09 supported by a favorable external environment, economic activity slowed sharply.\n- Jordan faces risks from a further deterioration in its terms of trade."
    },
    {
      "heading": "External and regional risks",
      "content": "- Unrest in neighboring countries is a significant downside risk.\n- Terms of trade deterioration is highlighted as an additional external vulnerability."
    },
    {
      "heading": "Fiscal policy and reforms",
      "content": "- Directors welcomed the fiscal tightening in the 2012 budget.\n- Authorities have put forward a three-year fiscal reform agenda aimed at strengthening public finances."
    },
    {
      "heading": "Institutional assessment",
      "content": "- Executive Directors commended the authorities’ track record of prudent and effective macroeconomic management."
    },
    {
      "heading": "Thematic coverage (as stated)",
      "content": "- Balance of payments\n- Banking; Commercial banks\n- Current account; Current account deficits\n- Fiscal policy; Fiscal stance; Fiscal consolidation effort; Public debt\n- Real effective exchange rates\n- Inflation: headline inflation; inflation expectation\n- Energy and pricing: electricity pricing; prices of oil imports; pricing schedule\n- Other: consumer, exchange rate, financing need, GCC economy, Middle East, real GDP, rebound, World bank Group strategy\n\nSource: Jordan: Staff Report for the 2012 Article IV Consultation (May 22, 2012).\n\n---\n\n Content in this bundle\n\n- Jordan: 2012 Article IV Consultation; IMF Country Report 12/119; March 23, 2012\n  - Jordan: 2012 Article IV Consultation; IMF Country Report 12/119; March 23, 2012 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Jordan: 2012 Article IV Consultation; IMF Country Report 12/119; March 23, 2012 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "Published: May 22, 2012",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475503784.002",
    "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 faces risks from a further deterioration in its terms of trade.",
    "Unrest in neighboring countries is a significant downside risk.",
    "Terms of trade deterioration is highlighted as an additional external vulnerability.",
    "Directors welcomed the fiscal tightening in the 2012 budget.",
    "Authorities have put forward a three-year fiscal reform agenda aimed at strengthening public finances.",
    "Executive Directors commended the authorities’ track record of prudent and effective macroeconomic management.",
    "Inflation: headline inflation; inflation expectation",
    "Energy and pricing: electricity pricing; prices of oil imports; pricing schedule",
    "Other: consumer, exchange rate, financing need, GCC economy, Middle East, real GDP, rebound, World bank Group strategy",
    "**Jordan: 2012 Article IV Consultation; IMF Country Report 12/119; March 23, 2012**"
  ],
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