How serious is the economic situation in Jordan?

Jordan is labeled the "weak link" in the region, especially after the fall of the Assad regime. 

In addition to the complex political situation in Jordan, it suffers from economic weakness that increases internal frustration and raises questions about the stability of the monarchy.

Jordan's economy has never been one of the strongest in the region. It lacks resources and is dependent on foreign aid and regional stability. Since October 7, the economy has suffered a severe blow. The most worrying figure of all is the unemployment rate of about 22%, with the figure reaching 46% among young people

This is a ticking "time bomb" that is exacerbated by the loss of tourism, the damage to the movement of goods and the decline in investment. Tourism, which constitutes 15% of the Jordanian economy and supports entire regions, mainly in the Petra region, recorded a 7% decrease in the number of tourists during the first eight months of the year. The decline in the number of tourists in Europe is more dramatic – 27%. No tourists, no employment.

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#Middle East Economic News #Jordan
Comments
Dalya Horowitz 13:53 21.12.2024
Amen to Services 808 comment.
Gerald Flanders 03:46 21.12.2024
We don't need to be supporting another country and when Trump occupies the White House he will curtail some of that outflow of our tax dollars. When we help Israel, we are joined at the hip.
Services 808 02:06 21.12.2024
It would be nice if the King abdicated & returned to Saudi Arabia, and the Palestinians got their own real state (to destroy).
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