COVID-19 Pandemic: Macroeconomic Impacts and Understanding its Implications for Jordan

Abstract

This editorial reviews the potential short- and long-term macroeconomic impacts of the Covid-19 pandemic according to the data announced in Jordan, Provides evidence of certain of these impacts in the coming days, and the economic repercussions. Since Jordanian economic growth was slow before the Covid-19 outbreaks, the economic contraction could be serious, and the government intervention would necessitate a cautious weighing of priorities and goals. Given that resources are limited, strategies that better handle the short-run crisis while yielding substantial long-run gains should be seriously considered. The economic effects of the COVID-19 have been highlighted in this study and emphasized policy options to reduce its effects. The study comes to the conclusion that monetary, macroprudential, and fiscal policy can help mitigate the effects of the COVID-19.