Washington, Dec 16, 2024 (AFP) - Palestinian economy facing unprecedented crisis: World Bank

NAMPA / AFP

2024-12-16

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 data, leaving the Palestinian economy on track to contract by 26 percent in inflation-adjusted terms this ye......

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