PM: Inflation under control, economy on upward trajectory

PM: Inflation under control, economy on upward trajectory

Ammon News - Prime Minister Bisher Khasawneh said that, despite major economic challenges, Jordan's inflation rate remained within the 4-percent range, far below that of Europe or the United States, for instance.

In a wide ranging interview with Jordan Television’s "60 Minutes" talk Show, the prime minister said the fact the Kingdom managed to keep inflation under manageable thresholds similar to those seen in rich countries "is a source of pride".

"We now have a comprehensive reform and modernization project for the Jordanian state, which aims to improve many dynamics and the quality of life. There are signs that the Jordanian economy began to recover, such as a 43 percent increase in exports from the previous year," Khasawneh said.

The tourism sector's revenue "exceeded expectations and beat the target of JD2.9 billion," the prime minister continued. "We have surpassed this target and are on the verge of achieving the figure recorded in the baseline year, which we consider to be 2019," he said.

Khasawneh noted that foreign capital is pouring into the Kingdom, citing major Emirati projects in Aqaba and a hospital-medical university project in collaboration with the Saudi Public Investment Fund Company.

The prime minister disclosed that an Arab sovereign fund is seriously