International Outlook: Global Wrapup
Conventional wisdom had it that Jordan's economy would be devastated by the demise of Iraq, its main trading partner. But the Hashemite Kingdom is thriving instead. Its economy grew at an extraordinary 11.5% last year--thanks largely to spending and investment by 300,000 Palestinian refugees from Kuwait and other Persian Gulf countries. The booming Amman stock market was up 28% last year.