“Standard & Poor's” affirmed Jordan's credit rating at "B/B+" with a "stable" outlook, indicating that Jordan's economic prospects have begun to improve thanks to the government's structural reform efforts. The agency predicted that real per capita income in Jordan will continue to rise from 2023 onwards after a continuous decline over the past decade.
The agency warned that unemployment and government debt stock in Jordan remain very high and higher than pre-pandemic levels. Standard & Poor's could raise Jordan's rankings if economic growth accelerates to a sustainably higher level, leading to an increase in private sector jobs and per capita GDP.
Source (Al-Asharq Al-Awsat Newspaper, Edited)
