Economic Monitoring Report to the Ad Hoc Liaison Committee

Economic Monitoring Report to the Ad Hoc Liaison Committee

Palestinian living standards continue to decline, with aid flows no longer providing the impetus for growth, amidst increasing uncertainty. The on-going restrictions in the West Bank along with the decade long blockade in Gaza have continued to hol...

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Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
Published: World Bank, Washington, DC 2018
Subjects:
ECONOMIC GROWTH
PUBLIC FINANCE
BANKING
GAZA
HUMANITARIAN CRISIS
ECONOMIC DECLINE
INFRASTRUCTURE
CIVIL SERVICE
POVERTY
EMPLOYMENT
ELECTRICITY COST
Online Access:http://documents.worldbank.org/curated/en/324951520906690830/Economic-Monitoring-Report-to-the-Ad-Hoc-Liaison-Committee
http://hdl.handle.net/10986/29511
id okr-10986-29511
recordtype oai_dc
spelling okr-10986-295112021-05-25T09:52:28Z Economic Monitoring Report to the Ad Hoc Liaison Committee World Bank ECONOMIC GROWTH PUBLIC FINANCE BANKING GAZA HUMANITARIAN CRISIS ECONOMIC DECLINE INFRASTRUCTURE CIVIL SERVICE POVERTY EMPLOYMENT ELECTRICITY COST Palestinian living standards continue to decline, with aid flows no longer providing the impetus for growth, amidst increasing uncertainty. The on-going restrictions in the West Bank along with the decade long blockade in Gaza have continued to hollow out the productive sector and prevented the economy from achieving its potential. After two years of stronger growth driven by post war reconstruction, the most recent data revealed growth of 2.4 percent in 2017 led by the West Bank - while in Gaza it was a mere 0.5 percent. Unemployment rates continued to be high - reaching 44 percent in Gaza - even with low labor force participation. A range of additional challenges emerged in 2017 and the economic outlook is highly uncertain. We forecast growth of only 2.5 percent in 2018 – declining in per capita terms. There are significant downside risks to this forecast with doubts surrounding donor flows and the potential for increased tensions to spill over into unrest. 2018-03-26T20:55:57Z 2018-03-26T20:55:57Z 2018-03-19 Report http://documents.worldbank.org/curated/en/324951520906690830/Economic-Monitoring-Report-to-the-Ad-Hoc-Liaison-Committee http://hdl.handle.net/10986/29511 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work Middle East and North Africa West Bank and Gaza
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic ECONOMIC GROWTH
PUBLIC FINANCE
BANKING
GAZA
HUMANITARIAN CRISIS
ECONOMIC DECLINE
INFRASTRUCTURE
CIVIL SERVICE
POVERTY
EMPLOYMENT
ELECTRICITY COST
spellingShingle ECONOMIC GROWTH
PUBLIC FINANCE
BANKING
GAZA
HUMANITARIAN CRISIS
ECONOMIC DECLINE
INFRASTRUCTURE
CIVIL SERVICE
POVERTY
EMPLOYMENT
ELECTRICITY COST
World Bank
Economic Monitoring Report to the Ad Hoc Liaison Committee
geographic_facet Middle East and North Africa
West Bank and Gaza
description Palestinian living standards continue to decline, with aid flows no longer providing the impetus for growth, amidst increasing uncertainty. The on-going restrictions in the West Bank along with the decade long blockade in Gaza have continued to hollow out the productive sector and prevented the economy from achieving its potential. After two years of stronger growth driven by post war reconstruction, the most recent data revealed growth of 2.4 percent in 2017 led by the West Bank - while in Gaza it was a mere 0.5 percent. Unemployment rates continued to be high - reaching 44 percent in Gaza - even with low labor force participation. A range of additional challenges emerged in 2017 and the economic outlook is highly uncertain. We forecast growth of only 2.5 percent in 2018 – declining in per capita terms. There are significant downside risks to this forecast with doubts surrounding donor flows and the potential for increased tensions to spill over into unrest.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Economic Monitoring Report to the Ad Hoc Liaison Committee
title_short Economic Monitoring Report to the Ad Hoc Liaison Committee
title_full Economic Monitoring Report to the Ad Hoc Liaison Committee
title_fullStr Economic Monitoring Report to the Ad Hoc Liaison Committee
title_full_unstemmed Economic Monitoring Report to the Ad Hoc Liaison Committee
title_sort economic monitoring report to the ad hoc liaison committee
publisher World Bank, Washington, DC
publishDate 2018
url http://documents.worldbank.org/curated/en/324951520906690830/Economic-Monitoring-Report-to-the-Ad-Hoc-Liaison-Committee
http://hdl.handle.net/10986/29511
_version_ 1764469505259470848

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