AMMAN(RAHNUMA): Jordan’s economy is expected to maintain steady growth over the next three years, reaching 3 percent by 2028 despite ongoing global economic uncertainty and regional geopolitical tensions, according to the latest World Bank projections.
In its Global Economic Prospects report released on Thursday, the World Bank forecast Jordan’s economy to expand by 2.7 percent in 2026, rising to 2.9 percent in 2027 before reaching 3 percent the following year.
The report said Jordan is likely to benefit from strong global fertilizer prices, which are expected to support export revenues and help offset some of the economic pressures facing energy-importing countries across the region.
The World Bank noted that economies in the Middle East, North Africa, Afghanistan and Pakistan are facing mounting challenges linked to regional instability, higher energy costs and disruptions to shipping and trade routes.
Regional growth is projected to slow sharply to 1.6 percent in 2026, down from around 4 percent in 2025, reflecting the economic impact of ongoing conflicts and heightened uncertainty.
According to the report, countries that rely on imported energy are expected to face rising oil and gas costs, higher freight rates and weaker performance in tourism, remittances and investment.
The impact on energy-exporting economies is expected to vary depending on their ability to maintain production and exports.
Despite these headwinds, Jordan’s fertilizer sector is expected to provide an important source of resilience.
The World Bank said strong fertilizer exports could help cushion Jordan from external shocks and support broader economic stability.
The lender also forecast a gradual recovery across the wider region in 2027 and 2028 as inflationary pressures ease, trade and tourism recover, and disruptions linked to regional conflicts begin to subside.
Regional growth is expected to average about 4.5 percent during that period.
The report comes as Jordan continues to pursue economic reforms aimed at boosting investment, creating jobs and increasing exports, while navigating the impact of regional instability on trade and tourism.
