Economic Indicators Committee of Talal Abu-Ghazaleh Knowledge Forum Discusses Jordan’s Economic Situation
AMMAN – The Economic Indicators Committee, one of Talal Abu-Ghazaleh Knowledge Forum (TAGKF) committees, held several meetings to discuss the economic situation in the Kingdom.
Head of the Committee Mr. Ahmad Al Jaloudi stated that the Committee is accurately measuring and reviewing the economic indicators to be able to propose recommendations and to launch initiatives that can clearly affect the mission of TAGKF “Realizing a Jordanian national GDP of $200 billion by 2040.”
Mr. Jaloudi noted that the rise or fall of economic indicators depends largely on the changing political circumstances, thus the need to promote economic culture awareness among all members of the society.
Committee members have noted that the important economic laws that have been passed do encourage investment and partnership between public and private sectors, and that the legislative environment in Jordan is investment-oriented; however, the circumstances in the region do affect investment in the Kingdom negatively.
They also pointed out that the most important factors affecting economic indicators are oil prices, unemployment rates, GDP and prices; and here is where the Committee’s work should concentrate.
The Committee also stressed the significance of studying the macroeconomic indicators that are globally recognized, and then concentrate on economic indicators the Committee important for Jordan. In addition, they emphasized the need to focus on industrial-related indicators due to the importance of this sector, pointing out that the approach to study economic indicators must be scientific and that the data upon which recommendations would be based should be very accurate.