Political Crisis Hurting Economic Growth Outlook

On the back of a hurting tourism sector and a weakening investment drive (both domestic as well as foreign) in Jordan, we have revised down our real GDP growth forecasts for 2011 to 2.8% from 3.8% previously. Having said that, we stress that, should plans of expanding the Gulf Cooperation Council (GCC) to include Morocco and Jordan go through, large inflows of capital in the form of investment and aid from the wealthier oil exporters pose upside risks to our growth forecasts.

To read the full article, please choose one of the following options: