The Impact of Global Financial Crisis on Jordan

Mohammad Ahid, Ayuba Augustine

Abstract


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.


Full Text:

PDF


DOI: http://dx.doi.org/10.5539/ijbm.v7n16p80

Copyright (c) 2012 International Journal of Business and Management

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

International Journal of Business and Management   ISSN 1833-3850 (Print)   ISSN 1833-8119 (Online) Email: ijbm@ccsenet.org

Copyright © Canadian Center of Science and Education

To make sure that you can receive messages from us, please add the 'ccsenet.org' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.