Last year’s decision by the IMF to increase the size of Jordan’s aid program by another 1.3 bn is highly supportive in the immediate run, yet it comes with some demand for further austerity which is expected to be a drag on economic growth for years to come. More recently, Jordan’s public finances have improved somewhat; fiscal consolidation is now needed to put the debt position back on a sustainable footing. On the back of possible financial support from the Gulf and Western allies, the near-term risk of default is truly mitigated.
GDP forecast 2024: 2.75 %