Middle East Economic Survey


No 21



IMF Says Jordans GDP Growth Averaged 5.6% In 2008

Jordans macroeconomic performance in 2008 was generally favorable, with real GDP growth at 5.6%, according to the IMF in its Article IV consultation with the kingdom, which was completed on 4 May and published on 15 May. The IMF noted that headline inflation, which rose to 20% year-on-year in September 2008, mainly because of the surge in commodity prices, fell sharply to 1.5% y-o-y in...