The Impact of Global Financial Crisis on Jordan

Mohammad Ahid, Ayuba Augustine


The paper discusses the impact of global financial crisis on the Jordanian economy in two periods; the first
period extended from the beginning of the global crisis in autumn of 2008 to December 2008, and the second
period started from December 2008 till the end of 2011. The results of this paper indicate that the impact of the
global crisis is being driven by the country's high dependence on foods and oil prices which led to increase the
prices of oil and commodity. We also found that the banking and tourism sectors were not affected by the crisis.
The evidence is presented in a series of charts which are backed up by statistical analysis.

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