The Palestinian economy is showing signs of recovery largely due to improved activity in the West Bank. However, Gaza still suffers from a particularly difficult economic situation with very high unemployment and deteriorating social conditions. In the current economic context, the outlook is uncertain as sustainable sources of growth remain limited.
The new World Bank report focuses on recent economic developments in the real, fiscal, and banking sectors, while providing a near-term outlook that highlights critical challenges facing the Palestinian economy. It also looks at Gaza¡¯s economic performance over the past two decades and the economic and social impact of the 11-day conflict. The report analyses key sectors in Gaza and presents recommendations on how to address infrastructure and development needs to reverse the declining development trajectory and on how to create conditions for a sustainable path to recovery and economic and social development.
- (Full Report in a PDF format)