Moody’s Credit Rating Agency confirmed in its periodic review that the Jordanian economy continues to demonstrate resilience in the face of regional geopolitical tensions, despite high debt levels and unemployment pressures.Moody's also affirmed Jordan's long-term foreign and local currency sovereign credit rating at Baa, supported by strong institutions and significant international financial support.Jordan benefits from substantial domestic savings and market access, which enhance its financial stability, the agency noted.The agency expects economic growth to maintain a moderate pace of around 2.5% in 2025, gradually rising to 3% in 2026 and 2027. This growth will be driven by tourism and regional trade, particularly with Lebanon and Syria, which will support local production, in addition to the launch of strategic infrastructure projects, most notably the Aqaba desalination project.Moody's forecasts an expected improvement in the government's financial performance, with the general budget deficit narrowing to around 2% of GDP in 2025, supported by fiscal reforms and the ongoing cooperation program with the International Monetary Fund. (ICE AMMAN)

Fonte notizia: ammoun news