Jordan: 2008 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion
Volume/Issue:
Volume 2008
Issue 290
Publication date: August 2008
ISBN: 9781451820386
$20.00
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Topics covered in this book
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Exports and Imports , Inflation , Public Finance , Business and Economics - Statistics , ISCR , CR , deficit , FDI inflow , Jordan , assessment mission , Jordanian dinar , interest differential , core inflation , data ROSC update mission , current account adjustment , foreign direct investment survey , portfolio inflow , financing datum , oil price development , Government finance statistics , Middle East
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Summary
Jordan’s 2008 Article IV Consultation discusses the appropriate policy response to mounting fiscal and external vulnerabilities and higher inflation. Sharply higher world fuel and food prices led to a marked widening of the fiscal and external current account deficits and, more recently, a jump in inflation. Economic prospects remain broadly favorable, though the public and external sector imbalances imply increased challenges to sustaining strong macroeconomic performance. Structural reforms are proceeding, aimed at reducing distortions and enhancing the private sector’s growth prospects.
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