World Bank s new four-year strategy to create jobs for Palestinians April 30, 2021 at 3:25 pm | Published in: Coronavirus, Israel, Middle East, News, Palestine
Palestinians shop at a market in Ramallah, West Bank on 30 January 2021 [Issam Rimawi/Anadolu Agency] April 30, 2021 at 3:25 pm
The World Bank approved a new four-year strategy for Palestine that puts emphasis on protecting lives and creating new job opportunities for Palestinians amid the coronavirus pandemic.
The Palestinian economy is projected to grow by only 3.7 per cent annually between now and 2025, according to a new UN study, as the COVID-19 pandemic continues to limit economic recovery and growth globally.
The forecast is based on new model simulations that show that the pandemic will have a significant impact on the Palestinian economy, already shattered by restrictions and leakage of fiscal resources due to the Israeli occupation.
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Report: Palestinian GDP declines 12% in 2020 December 21, 2020 at 11:41 am | Published in: Coronavirus, Middle East, News, Palestine
Palestinians wearing protective masks maintain social distancing while waiting in ATM line during the coronavirus (COVID-19) pandemic in Gaza City, Gaza on 1 September 2020. [Ali Jadallah - Anadolu Agency] December 21, 2020 at 11:41 am
Palestinian Gross Domestic Product (GDP) declined by 12 per cent in 2020 compared to 2019 as a result of the coronavirus pandemic.
In a joint statement, the Palestinian Monetary Authority and the Palestinian Bureau of Statistics said that most economic activities shrunk this year, which led to a significant decrease in the per capita income.
The Palestinian economy witnessed a decline of around four per cent in 2020 compared to 2019.
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