NEWS: Palestinian economy facing unprecedented crisis: World Bank

Palestinian economy facing unprecedented crisis: World Bank

The ongoing conflict has caused economic output in the Palestinian territories to plummet, the World Bank said.
Photo: Eyad BABA / AFP
Source: AFP

The war in the Palestinian territories is having a catastrophic impact on the local economy, the World Bank said Monday, noting that all sectors have been badly affected by Israel’s attacks.

Economic output in the Gaza Strip plummeted by 86 percent in the first half of this year, and by 23 percent in the West Bank, according to recent Bank…

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