Analysis by Region - MENA
We've raised our GDP growth forecasts for Jordan to 2.4% in 2024 and 2.9% in 2025. Although the ongoing regional conflict has caused tourism income to decline by 4.3% y/y over the first nine months of this year, stronger performances in the manufacturing sector and net exports have offset the negative impacts on the economy. Base effects, monetary policy easing, and a potential Israel-Hamas ceasefire should further boost Jordan's economic growth next year.
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