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    CBJ delivers upbeat prognosis of economic outlook

    December 18, 2021
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    (Petra) -- The Jordanian economy is expected to have improved during the second half of 2021, according to the Deputy Governor of the Central Bank of Jordan (CBJ), Adel Sharkas, who said that this improvement is driven by the full reopening of the economy, and an accelerated vaccination drive against the Covid-19 disease.

    Other driver propelling growth is a robust tourism sector which posted revenues north of $2.4 billion in the January-November period, rebounding by more 78 percent compared with the figure recorded in the same period of 2020, Sharkas revealed.

    He cited other drivers, including a 13.6 percent increase in the Kingdom's exports in the first 9 months of the current year as well as higher remittances by Jordanian expatriates. Sharkas indicated that CBJ-held foreign currency reserves are at 'comforting levels', standing at $17.1 billion, an amount, he said, enough to cover the Kingdom's import of services and merchandize for 9 months.

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