Jordan's first quarter economic growth rises to 2.6 percent

Reuters, Saturday 29 Jun 2013

Signs of an economic recovery in Jordan, where economy is predicted to expand 3 percent in 2013

Economic growth in Jordan picked up to 2.6 percent year-on-year in the first quarter from 2.2 percent in the fourth quarter, central statistics office data showed on Saturday.
The International Monetary Fund (IMF) said earlier this year it expects the economy to expand above 3 percent in 2013, reflecting an increase in government capital spending, a recovery in exports and higher domestic consumption.
Other signs of recovery include foreign reserves which have been boosted by at least $1.5 billion of Gulf money and greater confidence in the local economy by investors, officials say.
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