Jordan's Real GDP Growth Will Moderately Slow In 2024
Country Risk / Jordan / Mon 03 Jun, 2024
Key View
- We expect Jordan's real GDP growth to slow from 2.6% in 2023 to 2.4% in 2024, mainly due to Houthi attacks disrupting exports and the nearby Israel-Hamas conflict deterring investment.
- Tight monetary policy, in particular in 2023 and in H1 2024, will dampen private consumption growth, while government consumption will grow more moderately