By Fahed Fanek  

  Upon trying to list the strong points of the Jordanian economy, the Central bank of Jordan’s (CBJ) foreign exchange reserve is the first to come to mind. By the end of last year, the CBJ owned a net reserve of gold and foreign exchange worth $15.4 billion, which is enough to cover the country’s […]

The reserve of the Central Bank of Jordan (CBJ), in foreign exchange and gold, declined during the first five months of this year to the extent of $783 million or 5.6 per cent, an average rate of little more than 1 percentage point a month, not a serious drop. Ups and downs of this reserve […]

  In a recent statement, the International Monetary Fund (IMF) told us that despite plenty of difficulties, Jordan was able to achieve great progress during the past several years i.e., during the previous economic reform programme sponsored by the IMF (2012-2015). Such a statement suggests that the previous programme was a success and that it […]

  The table of the gross domestic product (GDP) for the first quarter of this year, just issued by the Department of Statistics of Jordan, reveals a basic growth rate of 4.8 per cent in current prices, 2.5 per cent in constant prices. Net taxes on products did not increase at the same rate as […]

  In the absence of Parliament, Prime Minister Hani Mulki’s government submitted its policy statement in the form of a programme to His Majesty the King and the Jordanian people to earn the Royal and popular confidence. Like the King’s Letter of Designation, the programme covered all aspects of political, economic and social life. It […]

Unemployment in Jordan has always been discussed in the limelight, analysed, subject of brainstorming and sometimes an instrument for blaming the government or the private sector. Unemployment is currently at the top of the economic and social agenda, especially after rising to 14.6 per cent during the first quarter of this year, 1.5 percentage points […]

  Several weeks ago, the International Monetary Fund (IMF) reduced its projection for the growth rate of the world economy in 2016 at 3.2 per cent. This was the fourth time in twelve months that the IMF revised down its projection for the growth of the world economy. On average, revision of growth projections is […]

The flow of remittances of Jordanians working abroad was expected to decline, especially when the majority of expatriates are in the Gulf states whose economies are badly affected by the shocking drop in oil prices, which is the main source of income for the Gulf countries. Practically, no actual reasons existed for such reduction in […]