Growth reached 3% for the second quarter, and it will continue to stabilize at this rate if not increase more, due to many factors, such as improved export performance, although not suitable for tourism income, and the performance of key sectors such as industry, mining, and agriculture, as well as company profits and the performance of the Amman Stock Exchange, but this is not all.
The start of major projects: the National Carrier, Reshe Gas, and Aqaba Railway, and we should not overlook what is happening in the city of Umra.
Economic growth has three main sources that are at their best when they work together, which are: capital accumulation, productivity improvement, and providing a suitable investment climate.
Capital accumulation is the addition of new production factors - capital, land, productivity improvement means increasing production from the same factors, while the investment environment is administrative and legislative.
Is all this going in the desired direction?
New projects will add new assets, which are capitalistic, and they are based on production, while the investment environment is suitable, but what hinders it are regional circumstances and the state of uncertainty.
Capital accumulation comes from the local and foreign private sector, and from the budget. If the private sector finds freedom to operate, it is capable of achieving this, and if the budget has additional money, it is also capable of supporting it.
Capital expenditure allocations in the budget are large, and they will go to capital projects, unlike what often happened when current expenditures consumed part of it.
There are available factors for achieving good growth, the important thing is more projects, more freedom for the private sector, and the most important is confidence.
