Top 3 Concerns For Jordanians: Unemployment, Inflation, Poverty & Social Inequality

In June 2018, Jordanians took to the streets in angry anti-austerity protests that clearly rejected the newly proposed government tax legislation. As the protests boiled, a new government was appointed bringing about high hopes of prosperity and better economic reforms. With that, the public’s anger subsided in anticipation of a better economic future.

Top 3 Concerns For Jordanians: Unemployment, Inflation, Poverty & Social Inequality

The author(s)

  • Saif Nimry Managing Director, Jordan & Iraq
  • Noor Al-Salhi Accounts Manager, Jordan
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However, almost three months following the appointment of the new government, the public’s sentiments towards the economic situation has witnessed a clear shift. With tax laws still being debated and no tangible change expected on the horizon, Jordanians’ optimism has dwindled and their outlook towards their future in the country has become bleak to say the least. That said, while Jordanians’ actual ability to invest could not have changed considerably within the last 3 months, their sentiments towards such major steps in their lives have altered.

Negative outlooks coupled with the diminishing faith in the government’s ability to affect change, has had a visible impact on this quarter’s PCSI with the index witnessing a 10-point drop when compared to last quarter. With the economic burden experienced by Jordanians showing no signs of subsiding, Jordanians’ sentiments towards their ability to spend is sure to continue to decline in the near future.

The author(s)

  • Saif Nimry Managing Director, Jordan & Iraq
  • Noor Al-Salhi Accounts Manager, Jordan