The International Monetary Fund expects middle-income and emerging market countries, including Jordan, Egypt and Morocco, to witness a growth rate of 4.2 percent this year, and 4.4 percent next year. The Fund expected the Jordanian economy to grow by 2.4 percent, and 3.1 percent for the current and next years, respectively.
Low-income economies, including Yemen, Sudan, Mauritania, Somalia and Djibouti, are expected to witness a growth of 4.2 percent for the current year and inflation of 141 percent, with a growth of only 1.1 percent.
On the level of inflation in Jordan, the IMF expected it to hover around 2.8 percent for the current year and 2.5 percent for the next. The International Monetary Fund has warned that the Russian invasion of Ukraine is affecting the growth outlook for the poorest economies in the Middle East and North Africa, while oil-exporting countries benefit from higher crude prices.
In its report on the region's performance, the Fund raised its estimates of growth to 5 percent in 2022, after it had expected a growth of 4.1 percent in October. However, this improvement hides large discrepancies between the countries of the region, namely the Arab countries and Iran.
Source (Al-Dustour Jordanian Newspaper, Edited)
