Publications

Non-payments and business failures have increased, and are expected to rise further in the coming months. Many businesses suffer from decreasing margins.

Lower GDP growth of 2.5% in 2016 and government budget hit by lower oil price. Public spending is curbed in order to trim the high budget deficit.

Weak economic situation and uncertain outlook as the security situation remains tense. Inflation is high and the business sentiment remains subdued.

A modest economic rebound expected in 2016, but fiscal consolidation remains difficult. Jordan remains heavily dependent on foreign donors support.

In 2016 economic growth will decrease to 3% due to less agriculture output and decreasing exports. In 2017 GDP is expected to rebound again, growing 4.5%.

The economy still has room to absorb the oil price slump, but a long-term period of low oil prices would hurt. Economic diversification is on the agenda.

A moderate economic rebound is expected in 2016 and 2017, given that the domestic security situation will not again hurt tourism and business sentiment.

As the oil price decrease has a negative impact on government revenues and lending conditions, many businesses face liquidity issues and payment delays.

The turbulent waters that the global economy faced at the beginning of the year have calmed but the underlying issues persist.

The economy in Eastern Europe is forecast to continue growing 1.1% this year. However, trade credit risk from foreign late payment is on the rise.