Collapse in PMA index adds to bleak outlook for Palestinian economy

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The Palestine Monetary Authority (PMA) today published its latest business cycle indicators, showing that after a tentative recovery earlier this year, the West Bank's economy has slipped backwards once more.

Overall the indicator, which combines the scores for the West Bank and Gaza Strip, slid from -3.88 in August to -6.47 in September, driven largely by an "enormous" drop in the West Bank's indicator from 4.65 to -5.15. A value of 100 indicates the best possible economic performance and -100

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