The International Monetary Fund (IMF) has warned that the persistence and expansion of conflict in the region has had a greater impact on Jordan's economy than expected when a $1.2 billion loan program was approved in January.
These assessments came after a team of IMF staff led by Ron van Roden visited the capital, Amman, to discuss the 2024 Article IV consultations and the second review of the program approved by the IMF's Executive Board on January 10.
The IMF expects Jordan's economy to grow by 2.3 percent this year, offset by weaker domestic demand with a stronger net export performance, and expects growth to reach 2.5 percent next year.
In April, The IMF predicted that the country's GDP would grow this year by about 2.6 percent and three percent in 2025.
