
PMA annual report shows economic mismatch between Gaza and West Bank

In 2011, the Palestinian territories suffered differential effects from fiscal austerity and the global slowdown, alongside the impact of Israeli sanctions, governor Jihad Alwazir wrote in the introduction to the Palestine Monetary Authority's (PMA) annual report for 2011.
Despite the unfavourable environment, the Palestinian economy continued to achieve high growth rates, Alwazir said. The overall economy grew 9.9% in 2011, but the figure masks a wide disparity in growth rates. The Gaza Strip grew at 23%, compared with just 5.2% in the West Bank.
The governor said this was due to lighter Israeli import restrictions in Gaza compared with fiscal austerity and restrictions on movement in the West Bank. However, income per person in Gaza was still only 61% of the level in the West Bank in 2011.
Click here to read the report.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]