Economic Monitoring Report to the Ad Hoc Liaison Committee

World Bank

World Bank, Washington, DC

关键词: ECONOMIC GROWTH;    PUBLIC FINANCE;    BANKING;    GAZA;    HUMANITARIAN CRISIS;   

RP-ID  :  124205

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Palestinian living standards continue todecline, with aid flows no longer providing the impetus forgrowth, amidst increasing uncertainty. The on-goingrestrictions in the West Bank along with the decade longblockade in Gaza have continued to hollow out the productivesector and prevented the economy from achieving itspotential. After two years of stronger growth driven by postwar reconstruction, the most recent data revealed growth of2.4 percent in 2017 led by the West Bank - while in Gaza itwas a mere 0.5 percent. Unemployment rates continued to behigh - reaching 44 percent in Gaza - even with low laborforce participation. A range of additional challengesemerged in 2017 and the economic outlook is highlyuncertain. We forecast growth of only 2.5 percent in 2018 –declining in per capita terms. There are significantdownside risks to this forecast with doubts surroundingdonor flows and the potential for increased tensions tospill over into unrest.