Q1 Slowdown Confirms Sluggish Growth View

The Jordanian economy grew by 2.1% y-o-y in Q110, in line with our view that growth will continue at a more moderate pace than that predicted by the government, which sees 4.0-4.5% growth for 2010. Indeed, the 2.1% increase represented a slowdown from Q409, when real GDP grew by 2.9%, taking the full-year rate of expansion to 2.8%. We forecast a full-year rate of 3.2% in

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