World Bank Report: Palestinian Economy Has Been in Steady Decline Since 1994

Israeli-imposed economic restrictions and prolonged system of closures directly caused the long-term decline, the report says; however numbers seem positive in context of the global crisis.

A World Bank report published ahead of a forum of donors to the Palestinian Authority to be held in Brussels next week warns of the continued deterioration of the Palestinian economy, one “that will have lasting and costly implications for economic competitiveness and social cohesion.”