Ammon News - The International Monetary Fund (IMF) expected the growth of Jordan's economy for the current year to rise to 2.4%, compared to 2.2% for the last year, at a time when it expected a global decline to 3.2% compared to its previous expectations.

According to the Global Economic Prospects report issued by the Fund on Tuesday, it is expected that Jordan's economy will grow by 2.7 percent next year, and in the long term, the Fund expects its growth to reach 3.3 percent in 2027.

Regarding consumer prices, the IMF expected inflation in Jordan to rise to 3.8% for the current year and to decline to 3% next year, after its rate was 1.3% last year. In the long term, the Fund expects it to decline to 2.5% in the year 2027.

Regarding its expectations for the world, the Fund indicated that the growth forecast for the current year was unchanged at 3.2%, while it reduced the forecast for the next year to 2.7%, which is 0.2 percentage point lower than the expectations of last July.

The President of the World Bank Group, David Malpass, and the President of the International Monetary Fund, Kristalina Georgieva, warned of the increased risks of a global recession, especially in light of the persistence of the problem of high inflation since the outbreak of the war in Ukraine since last February.

There is a real risk of a global recession through 2023, Malpass said, citing slowing growth in advanced economies, currency depreciation in many developing countries, and persistent high inflation concerns.