JORDAN

 

IMF Says Jordanian Recovery On Track

 

The IMF says Jordan’s economic recovery is gaining traction, with growth expected to increase to 3% in 2013 from 2.7% in 2012.

Concluding a mission to Jordan in the context of the third review of Jordan’s economic performance under the Standby Arrangement, the IMF adds that inflation will likely fall below 3% by end-2013 from 6.5% at end-2012, and that the current account deficit is narrowing substantially.

But the...