Jordan: Political environment could stall economic growth

-says access to oil and gas revenues could be affected

Finance Minister, Winston Jordan before the National Assembly

The prevailing political climate arising from the outcome of last December’s no-confidence vote in the National Assembly could result in further downward revision of the originally envisaged 4.6% growth projection for 2019, according to the Mid-Year report released on Wednesday by the Ministry of Finance.

While in last yearend’s budget presentation Finance Minister Winston Jordan had announced a projected overall economic growth of 4.6% for the current year, actual half year growth outcomes resulted in a downward growth projection to 4.4%.

At a media briefing convened to provide the public with details of the Mid-Year report on Wednesday, Jordan disclosed that in the wake of the prevailing political climate, a further downward adjustment could be anticipated.

Around the Web

Comments