Fitch Ratings predicted that Jordan's economic growth in 2024 will be affected by a number of geopolitical risks in the Middle East. Real GDP growth in Jordan is expected to be 2.2 percent in 2024, down from 2.6 percent in 2023 and below the 10-year pre-pandemic average of 2.4 percent.
Data from the Department of Statistics indicate that economic growth slowed to 2 percent year-on-year, during the first quarter of 2024, from 2.3 percent during the last quarter of 2023.
Jordanian exports have shown relief, but the Israeli war on the Gaza Strip, which has been going on for about 10 months, will continue to affect the arrival of tourists and investment in the Kingdom."
Source (Al-Sharq Al-Awsat Newspaper, Edited)
