The Middle East Economy

The economy looks set to continue its positive trajectory in 2015, with the IMF praising the kingdom for its resilience in the face of challenging external factors, forecasting GDP growth of 2.5% and 4% over the medium term, from 3.1% in 2014. Fiscal space freed up by lower oil prices will help support expansion, with construction, mining,...

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The final draft of a new economic programme will set a new path for socio-economic development in Jordan, as part of a wider 10-year blueprint launched in May 2015. Jordan 2025 (also known as Vision 2025) − which was presented by King Abdullah II ibn Al Hussein and Prime Minister Abdullah Ensour − aims to revitalise the economy by targeting...

Despite facing considerable external and domestic headwinds, Jordan’s economy remains resilient, and growth projections for 2015 are positive, with the World Bank forecasting real GDP growth to come in at 2.5%. Over the past five years, the kingdom has been saddled by a rising energy bill and existing challenges have been exacerbated by...