• HSBC

Jordan's inflation may hit 18-year high

  • Jordan: Tuesday, January 29 - 2008 at 06:59

Jordan's Finance Minister Hamed al-Kasasbeh has said the country's inflation rate is likely to climb to its highest level in 18 years in 2008, reported Bloomberg. He said inflation will accelerate to between 8% and 9% from 5.4% last year, while the economy will grow about 6% this year, driven by infrastructure projects and foreign direct investment.

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