Knowledge Note

"The COVID-19 pandemic has destabilized the world economy and the Jordanian economy is projected to contract by 5.5% in 2020."

Jordan has done well at minimizing the health impact of the COVID-19 crisis through the strict enforcement of non-pharmaceutical interventions. However, domestic lockdowns, the global economic slowdown, trade disruptions, and the suspension of international travel are likely to have a sizable impact on its economy. Consequently, poverty is expected to increase in the short run by 11 percentage points. The speed of economic recovery in the medium term depends, in large part, on the pandemic’s evolution and accomplishment of aspired domestic reforms.