MENA FM.com: Jordanian economy grows 3.2% in Q1

(MENAFN) The Central Bank of Jordan said in its latest report that the kingdom's real gross domestic product (GDP) grew by 3.2 percent during the first quarter of this year, compared with 8.6 percent a year earlier, The Jordan Times reported.The report also indicated that the inflation rate during the first five months of this year fell sharply to 1 percent compared with 11.6 percent during the same period last year.According to the report, investments benefiting from the Jordan Investment Promotion Law also rose during the first quarter of 2009 by 10.3 percent to $352 million compared to the same period last year.The CBJ foreign reserves jumped by 16.1 percent at the end of 2008 reaching a record of $8.99 billion, the report showed. (link)