AMMAN — AlGhad— Director of the National Society for Consumer Protection (NSCP) Dr Mohammad Obeidat warned in a statement today, Tuesday, that overall market demand has declined to an unprecedented level.
The market’s purchasing power has fallen to near-recession levels, Obeidat said.
Commercial activity has already declined by as much as 30 per cent for some sectors in Irbid, north of Jordan, he underlined.
The market will hit a stall if demand continues to decline, Obeidat stressed, noting that it will be catastrophic for the economy.
A survey of the market, including foodstuff and other basic commodities, conducted by the Society, indicates a decline in demand on some of the most vital items, bread included.
According to Obeidat, this due to the decline in purchasing power, caused by the surge in prices and recent government decision.
Obeidat called upon the government to launch an all-inclusive national dialogue to find a solution before it is too late.