IMF expects Jordanian economy to grow 2.4%

The International Monetary Fund (IMF) expects the Jordanian economy to grow by 2.4% by the end of 2024 and raised its expectations for next year to record growth of 2.9%. The Fund expected in its "World Economic Outlook" report that inflation in Jordan will reach 2.1% during the current year, while it expected the inflation rate to rise to 2.4%. As for its expectations for the Middle East region, the IMF expected growth to rise from 2.1% last year to 2.4% by the end of this year and to continue rising in 2025 to reach 3.9%. Globally, the IMF expected global growth to remain stable but below expectations, explaining that there have been unannounced adjustments since April 2024, as forecasts were raised in the United States and lowered in other advanced economies, especially major European countries. Source: Jordan News Agency