Jordan Investor Confidence increases to 189.3 points — JSF

AMMAN — The Jordan Investor Confidence reached 189.3 points in the first quarter of 2022, compared with 168.1 points for the same period in 2021, the Jordan News Agency, Petra, reported.

The Jordan Strategy Forum (JSF) indicated that confidence in the Real Economy rose to 200 points in the first quarter of 2022 against 165 points for the same period in 2021.

The growth rate of Jordan’s GDP fell in the first quarter of this year to 2.5 per cent, after scoring 2.6 percent in the fourth quarter of 2021.

The Kingdom’s public budget deficit decreased in the first quarter of 2022 to reach JD345.8 million, compared to JD771.7 million in the fourth quarter of last year.

According to the forum, the value of inflows of foreign direct investment amounted to JD262.8 million in the first quarter of this year, compared to JD114.0 million in the fourth quarter of 2021.

The industrial production index also rose to 90.3 points, compared to 89.7 points in the same period.

In contrast, confidence in the monetary system index decreased during the first quarter of this year to 174.9 points, compared with 200 points in the fourth quarter of 2022.

The value of the foreign currency reserves of the Central Bank of Jordan remained at JD14.7 billion.

Confidence in the financial system index saw an increase in the first quarter of 2022, reaching 182.2 points against 142.4 points in the fourth quarter of 2021.