Dubai – Mubasher: The International Monetary Fund (IMF) said that Jordan’s real gross domestic product (GDP) is expected to grow to 3.8% and 4.5% in 2015 and 2016 respectively, lower than IMF’s estimates of 4% and 4.4% growth in 2015 and 2016 in the respective years for the MENA region, Afghanistan and Pakistan.

In its report on Tuesday on the Regional Economic Outlook (REO): Middle East and Central Asia, the IMF projects the inflation to edge up to 2.2% and 2.5% in 2015 and 2016 respectively in the Kingdom, while it will likely rise to 6.9% and 6.5% in 2015 and 2016 respectively in the region.

 Jordan’s budget deficit is anticipated to narrow to 2.9% and 1.5% in 2015 and 2016 respectively, while the region’s budget deficit will widen to 7% and 5.6% in 2015 and 2016 in a row, according to IMF statistics.

The IMF predicted a general stability and recovery of MENA region as well as Afghanistan and Pakistan despite declining oil prices, regional conflicts and uncertainties following the Arab Spring.