Dr. Hamad Kasasbeh

The condition of any economy cannot be understood only by the challenges it faces, but by how it responds to them and maintains balance under difficult circumstances. From this perspective, the Jordanian economy can be seen as one operating under clear pressures, yet still capable of adapting and preserving stability, drawing on long experience in managing uncertainty and external shocks.

For years, Jordan’s economy has faced well-known challenges. Growth has been slow, unemployment remains high, the cost of living is rising, and natural resources are limited. In addition, regional instability has added recurring pressures on economic performance. These challenges are real and cannot be ignored, but they do not tell the full story of the economy.

Despite these pressures, Jordan has maintained a degree of institutional stability. Economic institutions have continued to perform their core functions, the monetary system has remained resilient, and essential public services have operated without disruption. While these indicators do not signal economic prosperity, they reflect a clear ability to manage difficulties and avoid deeper crises.

At the same time, the economy has not experienced rapid transformations or major breakthroughs. However, gradual improvements have taken place quietly. Administrative practices have improved, shock-absorption capacity has strengthened, and economic activity has continued within relatively stable margins. This type of progress rarely makes headlines, but over time it accumulates and contributes to building a more solid foundation.

Human capital remains one of Jordan’s most important strengths. The country has a large pool of educated and adaptable young people who are capable of responding to changing labor market needs. Although this potential has not yet been fully utilized, it represents a real opportunity if the right environment is created to turn skills and knowledge into productive work.

Jordan’s relatively small economic size, often viewed as a limitation, can also be seen as a source of flexibility. Smaller economies can, in some cases, adjust policies and correct course more quickly, provided there is clear direction, effective implementation, and efficient use of available resources.

However, the challenge is not limited to economic indicators alone. The broader public climate also matters. Persistent pessimism and constant doubt weaken confidence, and confidence is a key driver of economic improvement. Investment decisions, work choices, and individual initiative are influenced not only by data, but by expectations about the future. For this reason, it is important to distinguish between constructive criticism and continuous skepticism, and to avoid excessive negativity that can lead to stagnation.

In conclusion, describing an economy under pressure does not imply a pessimistic outlook, just as acknowledging stability does not mean accepting the status quo. Rather, it is an attempt to present a balanced reading of a path that requires calm assessment, gradual effort, and better use of existing strengths. Despite its challenges, the Jordanian economy remains capable of adaptation—and this capacity can serve as a foundation for achieving steady and sustainable improvement over time.