AMMAN: Jordan’s economy to grow about 3.8 per cent and will meet its IMF-approved target this year. “The economy is resilient and our imports of energy have dropped substantially by about 30 per cent”, the Central Bank Governor Zaid Fariz said on the sidelines of a World Economic Forum meeting in the Dead Sea.
Growth has accelerated from 2.3 per cent in 2013. Jordan’s budget deficit is expected to drop to 1.8 per cent of GDP this year with losses at state electricity firm NEPCO reduced to 600 million dinars from 1 billion last year and with its arrears wiped out by next year, Fariz said. Inflation is expected to decline to about 1.8 per cent this year.
