Jordan's economy expected to grow by 2.5% in 2021: PM

Amman, Jan 4 (IANS) Jordan's economy is expected to grow by 2.5 per cent in 2021 and the government will launch a program to address challenges in several sectors between 2021-2024, Prime Minister Bisher Khasawneh said.Khasawneh made his remarks on Sunday while delivering the cabinet's policy statement to the Lower House, reports Xinhua news agency.He said the country's economy contracted by 3 per cent in 2020, adding that the budget deficit after foreign grants is expected to reach around 2.055 billion dinars ($2.9 billion), representing 3.7 per cent of the gross domestic product.Noting that Jordan faced unprecedented circumstances during the coronavirus crisis, the Prime Minister added that the government will launch a program this year covering the period from 2021-2024 to address the various challenges in economic, social, and financial fields.The program, he said, will focus on enhancing the competitiveness of these sectors to increase economic growth and help reduce unemployment and attract foreign investments and increase exports. Khasawneh added that the government will also make efforts to improve the country's healthcare system.
--IANS ksk/