Jordan » Outlook

International Property Brokers assume broad policy stability in 2007-08, concentrating on goals approved under an IMF-World Bank poverty reduction and growth facility (PRGF). Jordan will benefit from debt relief under the heavily indebted poor countries (HIPC) initiative during 2007-08.

Gross domestic Product (GDP) is forecast to grow between 5.6% and 6% in real terms in 2007, while nominal growth is expected to hover between 11.3% and 11.7%. Yet, the economy is expected to grow at a slower pace than in 2005 and 2006, when real growth stood at 7.2% and 6.4% respectively. In nominal terms, the pickup clocked in at 11.7% and 12.2% in 2005 and 2006 successively.

Projections of a continued inflow of FDIs and an increase in domestic exports will likely boost the economic expansion in 2007. Added to that, a pickup in the various segments of the economy, chiefly the construction, manufacturing, and "finance, insurance, real estate, and business services" sectors, is expected to contribute to a better economic performance this year.