Category: Economy

Jordan and the Iraqi Predicament

Editor’s letter Dina al-Wakeel While Jordan has so far thankfully managed to insulate itself from the violence engulfing its neighbors, the Kingdom’s economy has still taken a hit. According to sources, exports to Iraq, Jordan’s number one trading partner, dropped…

Which Economy Do We Want?

The dash to become a service-based economy shouldn’t come at the expense of developing our manufacturing sector. The Economist- Yusuf Mansur   Every now and then a government official with something to do with running the economy states that Jordan…

More Debt, Little Growth

The Ensour government likes to crow about its achievements. But I can’t see any, beyond boosting the national debt to new highs with little to show for it. The Economist- Yusuf Mansur The national debt increased by the end of May…

The Lure of Easy Money

Editor’s letter- Dina al-Wakeel In a blatant challenge to Western nations that have long dominated the global financial system, the BRICS emerging economics have decided to establish their own $50 billion development bank. Noble as the idea may be, its…

Eyeing Investment in India and Indonesia

With prospects for real growth ahead, the Fragile Five might not be as brittle as you thought. By Sameer Massis The US central bank is in no rush to raise interest rates. Even though the Fed minutes released last June…

As the Debt Grows

Most governments borrow money, but it’s how they spend it that counts. The Economist- Yusuf Mansur Jordan’s current debt-to-GDP ratio has been much higher in the past, so why is it suddenly attracting more grumbling than ever before? Net public…