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Jordan witnesses modest economic contraction but private sector, equality suffer — JEM

Jordan witnesses modest economic contraction but private sector, equality suffer JEM By JT - Jun 29,2021 - Last updated at Jun 29,2021 AMMAN Jordan’s economy has been hit hard by the COVID-19 pandemic amid already low growth and high unemployment rates. The crisis has had particularly profound impacts on the service sector, travel receipts, and tourism and, with those, the economy in the Kingdom contracted by 1.6 per cent in 2020, according to the latest issue of the Jordan Economic Monitor (JEM). The Spring 2021 edition of the JEM, titled Uncertain and Long Trail Ahead, was launched during a virtual event hosted by the Abdul Hameed Shoman Foundation cultural forum, according to a statement posted on the World Bank website. 

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