{
  "title": "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",
  "publication": "IMF Staff Country Reports, January 6, 2022",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2022/01/06/jordan-third-review-under-the-extended-arrangement-under-the-extended-fund-facility-and-511738",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Economic outlook and growth",
      "content": "- A nascent recovery is underway, supported by targeted fiscal and monetary measures.\n- Real GDP growth expected at 2 percent in 2021.\n- Real GDP growth expected to strengthen to 2.7 percent in 2022."
    },
    {
      "heading": "COVID-19 impact and mitigation",
      "content": "- Preventive actions and a robust vaccination campaign mitigated the effects of COVID-19 variants on the economy."
    },
    {
      "heading": "Inflation and price dynamics",
      "content": "- Core inflation at 0.7 percent y-o-y in September.\n- Core inflation described as subdued despite higher fuel prices, reflecting a slow pass-through and weak domestic demand."
    },
    {
      "heading": "Labor market",
      "content": "- Unemployment persists at very high levels, particularly for the youth."
    },
    {
      "heading": "External position and financial indicators",
      "content": "- Reserves are comfortable.\n- Dollarization is declining."
    },
    {
      "heading": "Subject areas covered",
      "content": "- Arrears\n- External debt\n- Fiscal policy\n- Fiscal stance\n- International organization\n- Monetary policy\n- Public debt\n- Revenue administration\n\nIMF 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).\n\n---\n\n Content in this bundle\n\n- 1jorea2022001\n  - 1jorea2022001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1jorea2022001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: January 6, 2022",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781616358785.002",
    "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.",
    "Preventive actions and a robust vaccination campaign mitigated the effects of COVID-19 variants on the economy.",
    "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.",
    "Unemployment persists at very high levels, particularly for the youth.",
    "Reserves are comfortable.",
    "Dollarization is declining.",
    "**1jorea2022001**"
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