The global economy continues to reel from the COVID-19 shock. The initial economic impact of COVID-19 on global output is projected to be far more devastating than the disruptions observed during the peak downturn of the global financial crisis of 2007–09.
The Jordanian economy is also hit hard by the pandemic amidst already high unemployment and debt levels. Prior to the COVID-19 shock, for the past four years the economy was growing at a low trajectory of around 2.0 percent.
- Jordan Economic Monitor, Fall 2020: Navigating through Continued Turbulence (Full report in a PDF format)