المستخلص: |
The economic situation in Jordan had never been good before the corona crisis, but it had witnessed gradual improvement according to major indicators. However, it became hard in light of the dilemma, especially with the initial decision to favour partial lockdowns over complete coexistence. The aim was to achieve health immunity, which was, undoubtedly, at the expense of economic immunity, which had not been better before. The present report investigates the main consequent economic impacts, showing that the crisis delivered several blows to the Jordanian economy. The first was a drop of tourist income and expatriate remittances. The second was a huge decline of government revenues. The third was an unexpected rise of debt. The fourth was the fall of foreign investment by over 50%.
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