Palestine weathers ‘complex crises’ but faces further slowdown
Unemployment remains high and the government’s budget under severe stress
The Palestinian economy is facing a second year of slowdown despite managing to continue growing amid the “complex crises” of 2022, the Palestine Monetary Authority said on December 28.
The PMA estimated the economies of the West Bank and Gaza had grown 3.6% in aggregate in 2022, down from 7% a year earlier. The monetary authority said the growth came in spite of “the almost complete cessation” of external support and ongoing deductions by the Israeli government from tax revenues collected on
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