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• At Fitch Solutions, we expect that Jordan’s real GDP growth rate will accelerate from 2.2% in 2021 to 2.7% in 2022. This marks a downward revision from our 3.0% growth forecast prior to Russia’s invasion of Ukraine.

• While we continue to expect that real GDP growth will mainly be driven by household consumption, we now

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• At Fitch Solutions, we project that Jordan’s current account deficit will narrow from 11.3% of GDP in 2021 to 9.2% of GDP in 2022.

• The narrowing of the deficit will be mostly driven by a rise in services exports as the country’s tourist destinations reopen as Covid-19 shifts further towards endemic status, while strong economic

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• We are sceptical about the planned development of a standard-gauge railway connection between the port of Aqaba and Amman. The announcement of support for the development of the line’s southern section from the Saudi Jordanian Investment Fund does, however, improve the long-term outlook for the line and would connect Aqaba to

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• We at Fitch Solutions are forecasting that Jordan’s economy will expand by 2.8% in 2021. This comes on the back of a 1.6% contraction in 2020, meaning that output will return to its pre-Covid-19 level before the end of this year.
• The economic recovery will gather pace in the second half of 2021 as policymakers begin to reopen the

Key View

• At Fitch Solutions, we forecast that GDP growth in Jordan will only come in at 1.8% in 2021. Given that output contracted by an estimated 3.1% in 2020, we doubt that it will return to its pre-Covid-19 level until 2022.

• The 2021 economic recovery will be held back by a tepid rebound in tourism, which will weigh on export growth

Key View

• Jordan has initiated its Covid-19 vaccination programme; however, it is lagging behind regional peers.
• A strained healthcare system and low vaccine registration may impede economic recovery.
• The government's commitment to expand Jordan’s healthcare sector will continue.

Jordan has initiated its Covid-19 vaccination programme

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• We at Fitch Solutions expect Jordan’s fiscal deficit will increase in 2020 on the back rising recurrent spending as the authorities attempt to soothe growing public frustrations.
• Revenue growth will be limited given that the authorities have committed to not increasing taxes.
• The shortfall will be covered by a combination of debt