Impact of COVID-19 on the Jordanian economy: Economic sectors, food systems, and households
Economic growth in Jordan potentially will come to a halt this year. This comes as a result of the COVID-19 pandemic outbreak. Government imposed an economic lockdown which restricted non-essential economic activities and people’s movement in order to contain the virus. A SAM multiplier model was us...
| Autores principales: | , , |
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| Formato: | Brief |
| Lenguaje: | Inglés |
| Publicado: |
International Food Policy Research Institute
2020
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| Acceso en línea: | https://hdl.handle.net/10568/143766 |
| _version_ | 1855538192233529344 |
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| author | Raouf, Mariam Elsabbagh, Dalia Wiebelt, Manfred |
| author_browse | Elsabbagh, Dalia Raouf, Mariam Wiebelt, Manfred |
| author_facet | Raouf, Mariam Elsabbagh, Dalia Wiebelt, Manfred |
| author_sort | Raouf, Mariam |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Economic growth in Jordan potentially will come to a halt this year. This comes as a result of the COVID-19 pandemic outbreak. Government imposed an economic lockdown which restricted non-essential economic activities and people’s movement in order to contain the virus. A SAM multiplier model was used to estimate the economic impact of the lockdown and to explore potential recovery pathways for the Jordanian economy. Some of the key findings from this modeling exercise are: • National GDP is estimated to have fallen by 23 percent during the lockdown period. The services sector was hardest hit, seeing an estimated drop in output of almost 30 percent. • Food systems in Jordan are estimated to have experienced a reduction in output by almost 40 percent. • Employment losses during the lockdown were estimated at over 20 percent, mainly driven by job losses in services, followed by agriculture. • Household income fell on average by around one-fifth due to the lockdown, mainly driven by contraction in service sector activities, by slowdown in manufacturing activity, and by lower remittances from abroad. • GDP growth rates for Jordan’s economy will continue to be negative through 2020, ranging from -5.7 to -7.4 percent, depending on the speed of economic recovery. A slow pace of recovery is expected. This economic recovery offers opportunities for fostering sustainable economic transformation and structural change. Economic policies and incentives should be directed towards more economic diversification, greater resilience to withstand economic shocks, and job creation. |
| format | Brief |
| id | CGSpace143766 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2020 |
| publishDateRange | 2020 |
| publishDateSort | 2020 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1437662025-11-06T07:28:59Z Impact of COVID-19 on the Jordanian economy: Economic sectors, food systems, and households Raouf, Mariam Elsabbagh, Dalia Wiebelt, Manfred models economic growth covid-19 households employment economic sectors multipliers food systems Economic growth in Jordan potentially will come to a halt this year. This comes as a result of the COVID-19 pandemic outbreak. Government imposed an economic lockdown which restricted non-essential economic activities and people’s movement in order to contain the virus. A SAM multiplier model was used to estimate the economic impact of the lockdown and to explore potential recovery pathways for the Jordanian economy. Some of the key findings from this modeling exercise are: • National GDP is estimated to have fallen by 23 percent during the lockdown period. The services sector was hardest hit, seeing an estimated drop in output of almost 30 percent. • Food systems in Jordan are estimated to have experienced a reduction in output by almost 40 percent. • Employment losses during the lockdown were estimated at over 20 percent, mainly driven by job losses in services, followed by agriculture. • Household income fell on average by around one-fifth due to the lockdown, mainly driven by contraction in service sector activities, by slowdown in manufacturing activity, and by lower remittances from abroad. • GDP growth rates for Jordan’s economy will continue to be negative through 2020, ranging from -5.7 to -7.4 percent, depending on the speed of economic recovery. A slow pace of recovery is expected. This economic recovery offers opportunities for fostering sustainable economic transformation and structural change. Economic policies and incentives should be directed towards more economic diversification, greater resilience to withstand economic shocks, and job creation. 2020-11-01 2024-05-22T12:16:43Z 2024-05-22T12:16:43Z Brief https://hdl.handle.net/10568/143766 en https://doi.org/10.2499/p15738coll2.133764 https://doi.org/10.2499/p15738coll2.133737 https://doi.org/10.2499/p15738coll2.134261 Open Access application/pdf International Food Policy Research Institute Raouf, Mariam; Elsabbagh, Dalia; and Wiebelt, Manfred. 2020. Impact of COVID-19 on the Jordanian economy: Economic sectors, food systems, and households. MENA Policy Note 9. Washington, DC: International Food Policy Research Institute (IFPRI). https://doi.org/10.2499/p15738coll2.134132. |
| spellingShingle | models economic growth covid-19 households employment economic sectors multipliers food systems Raouf, Mariam Elsabbagh, Dalia Wiebelt, Manfred Impact of COVID-19 on the Jordanian economy: Economic sectors, food systems, and households |
| title | Impact of COVID-19 on the Jordanian economy: Economic sectors, food systems, and households |
| title_full | Impact of COVID-19 on the Jordanian economy: Economic sectors, food systems, and households |
| title_fullStr | Impact of COVID-19 on the Jordanian economy: Economic sectors, food systems, and households |
| title_full_unstemmed | Impact of COVID-19 on the Jordanian economy: Economic sectors, food systems, and households |
| title_short | Impact of COVID-19 on the Jordanian economy: Economic sectors, food systems, and households |
| title_sort | impact of covid 19 on the jordanian economy economic sectors food systems and households |
| topic | models economic growth covid-19 households employment economic sectors multipliers food systems |
| url | https://hdl.handle.net/10568/143766 |
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