Economists Applaud Jordan’s Strong Economic Resilience amid Regional Challenges

Jordan’s Economy Grows by 2.4% in Q2 2024 Despite Regional Challenges

Jordan’s economy showed resilience and adaptability by growing 2.4% in the second quarter of 2024, despite ongoing regional challenges, including Israel’s military aggression on Gaza. Economists commend this growth as a solid achievement amid supply chain disruptions and rising shipping costs.

The growth, driven by key sectors like agriculture, transportation, and communication, highlights Jordan’s commitment to economic stability. However, experts stress the need for higher growth rates to meet long-term development targets and address structural challenges.

While the 2.4% growth is promising, it remains modest in per capita terms, which may limit its impact on job creation and overall economy. Experts emphasize the importance of sectors like manufacturing and construction for sustained growth and job opportunities.

Despite external pressures, Jordan’s well-planned economic policies and reforms have helped maintain a stable business environment, attracting both domestic and foreign investors. The nation’s focus on self-reliance and domestic production has played a key role in its economic resilience.

Looking ahead, Jordan aims to achieve higher growth rates to fulfill its Economic Modernization Vision and drive sustainable development and job creation.