Headline

IMF to revise Jordan GDP forecast

The International Monetary Fund (IMF) Jordan mission chief Ali Abbas on Tuesday said that the fund will take into account new data issued by Jordan while revising the October 2020 IMF World Economic Outlook.
 
In remarks to the Jordan News Agency, Petra, Abbas said that the macroeconomic forecast for Jordan published in the October 2020 IMF World Economic Outlook, which projected the real GDP growth for 2020 at -5 per cent, is being revised in the context of the ongoing virtual staff mission for the first review of the Extended Fund Facility.
 
While revising its forecast, the IMF team will take into account new information, including recently published data from Jordan’s Department of Statistics that point to better-than-expected GDP growth in the second quarter of 2020, he added.
 
Jordan TImes 
14 October 2020