Amman, Feb. 27 (Petra)-- According to the European Bank for Reconstruction and Development (EBRD), Jordan's economy is expected to increase by 2.3 percent this year, up from 2.2 percent the previous year.

In its most recent economic report, "Momentum Weakens Amid Trade and Investment Dispersion," the bank said that these expectations are a result of the reopening of the Syrian market to Jordanian businesses, the recovery of the tourism industry, and the rise in foreign investment, as well as the decrease in regional conflicts.

The bank predicted that a decrease in uncertainty will propel Jordan's economic growth rate to 2.6 percent in 2026.

It clarified that Moody's and Standard & Poor's improved the sovereign credit rating in 2024 as a result of the dedication to fiscal restraint and the advancement of structural reforms, which helped to preserve market confidence.

The economy in the southern and eastern Mediterranean region is predicted to develop at a faster rate, from 2.5 percent in 2024 to 3.7 percent in 2025 and 4.1 percent in 2026, according to the bank's most recent regional economic outlook study.

//Petra// MF

27/02/2025 23:21:39