Buy custom The Economy of The Hashemite Kingdom of Jordan
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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1776 |
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The external economic shocks appeared at a time where the economic growth was strong as a result of strong inward remittances from Jordanian expatriates, economic reform program, and improvement in revenues as a result of fiscal consolidation. The average growth in 1996-2000 was below 3.5 percent on an average and had moved to up to 5 percent per year during 2000-2004, despite the recession that was induced by the war on Iraq in 2003...
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The GDP growth as a result of not withstanding the economic TTT fell to 7.2 percent in 2005, after being 7.7 percent in 2004. As a result, the complexity of the whole economic situation has increased, and Jordan is now going through a period of transition. Since the recession in 1989, and throughout the phase of transition, structural and economic reformation has helped Jordan in absorbing the external shocks...
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