1 Day
Source:
وكالة الانباء الاردنية
Banking Official: Credit Rating Shows Economy Strength
Standard & Poor's announced the stable outlook and maintained Jordan's sovereign credit rating at BB-. The rating reflects the strength of the national economy and its ability to face regional challenges while maintaining financial and monetary stability. The agency confirmed that this stable rating is due to the resilience of the economy, high foreign reserves, and strong support from international partners. It also projects an economic growth rate of 2.5% this year, accelerating to 3.2% between 2027 and 2029, driven by increased trade activity, improvements in the manufacturing and mining sectors, and the stability of the Jordanian dinar's exchange rate linked to the dollar. Foreign reserves are expected to reach approximately $26 billion by the end of 2023. These results indicate genuine potential for growth and investment opportunities, reinforce investor confidence, and highlight the role of the banking sector in supporting economic stability.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)