Limited Damage To Economy

February 2006 | Economic Analysis

Following an attack such as that suffered by Amman in November, the economic impact would be expected to manifest itself in three main ways: firstly, general disruption of economic activity in the immediate aftermath; secondly, longer-term damage to Jordan's tourism sector and role as a regional business hub; and thirdly, negative impact on investor and consumer confidence. In the first instance, the short-term impact on the tourism industry, which accounted for 11% of GDP in 2004, will be the most significant. Occupancy rates in luxury hotels in Amman, which had been above 80% in early November, dropped sharply in the

If you would like to subscribe to Middle East Monitor, East Med and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Middle East Monitor, East Med please click on the trial link below.