In its economic report, entitled "Enhancing Trade Cooperation: Reviving Regional Integration in the Middle East and North Africa in the Post-Coronavirus Era," the World Bank revealed a contraction in Jordan's GDP growth rate -5.5% this year, 3.8% next year and 2.2 % In the year 2022.
The report showed that the projections for the typical sector in Jordan show a decline in economic activity, while a distinction is made between the effects of poverty in the short and long terms to predict the monthly consumption of the family with the outbreak of the pandemic or in its absence.
According to the World Bank report, the closure caused by the "Corona" pandemic led to a decrease in employment income in the private sector ranging between 30 percent and 100 percent (depending on whether the sector was open or closed officially or informally) and a decrease in agricultural income by 25 percent (agriculture and livestock), a decrease in income from international transfers by 15 percent, and a decrease in domestic remittances by 50 percent. The official poverty rate, which was recorded at 15.7 percent in the 2017-2018 survey, is expected to reach 153 at the beginning of the year 2020 as the baseline, and primary income losses may lead to an increase in the poverty rate among Jordanian families nearly doubling to 29.9 percent.
Source (Ad-Dustour Newspaper-Jordan, Edited)
