(MENAFN- QNA) Jordan's economy is projected to grow 3.3% and inflation will go up to 5.9% in 2014, the International Monetary Fund (IMF) has said.
The fund predicted inflation rate in the country to ease to 3.2% next year.
The IMF made these projections following a mission visit last month to Jordan to review its economic programme.
Mission chief Kristina Kostial said, "Jordan's growth is projected to increase to 3.3% in 2014, and to 4.5% in the medium term. Inflation is expected to decline to 2.9% at end-2014, and 2% in the medium term."
The current account deficit (including grants) would continue to substantially improve to less than 4% of GDP in the outer years of the medium term, mostly reflecting a lower energy import bill. Risks to this outlook remain high, mostly related to the Syria and Iraq conflicts, she said.
The IMF warned that downside risks remain elevated for the Middle East oil importers group, which includes Jordan, largely as the result of domestic and regional political instability and social unrest.
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