Economic Monitoring Report to the Ad Hoc Liaison Committee

Economic Monitoring Report to the Ad Hoc Liaison Committee

The Palestinian people face an increasingly uncertain political environment, and an economy that is failing to generate the jobs and incomes that are needed to improve living standards. Restrictions on trade and the access to resources, along with...

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Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
en_US
Published: World Bank, Washington, DC 2017
Subjects:
ECONOMIC GROWTH
ECONOMIC OUTLOOK
POVERTY
UNEMPLOYMENT
ENERGY SECURITY
NATURAL GAS
RENEWABLE ENERGY
ENERGY TRANSMISSION INFRASTRUCTURE
Online Access:http://documents.worldbank.org/curated/en/509131493126715531/main-report
http://hdl.handle.net/10986/26492
id okr-10986-26492
recordtype oai_dc
spelling okr-10986-264922021-06-14T10:14:14Z Economic Monitoring Report to the Ad Hoc Liaison Committee World Bank ECONOMIC GROWTH ECONOMIC OUTLOOK POVERTY UNEMPLOYMENT ENERGY SECURITY NATURAL GAS RENEWABLE ENERGY ENERGY TRANSMISSION INFRASTRUCTURE The Palestinian people face an increasingly uncertain political environment, and an economy that is failing to generate the jobs and incomes that are needed to improve living standards. Restrictions on trade and the access to resources, along with a decade long blockade of Gaza have led to a continuing decline in the productive base of the economy – with the share of Gross Domestic Product (GDP) in manufacturing halved in the last twenty-five years. Unemployment is now approaching 30 percent on average, with youth unemployment in Gaza twice as high. Although 2016 witnessed an improvement from the economic recession of 2014 -driven by a surge in reconstruction activity in Gaza – this is not sustainable nor sufficient to raise per capita incomes of the Palestinians. Looking forward GDP growth is expected to hover around 3.3 percent leading to a near stagnation in per capita income. Further increases in unemployment are also expected. 2017-05-02T17:11:44Z 2017-05-02T17:11:44Z 2017-05-04 Report http://documents.worldbank.org/curated/en/509131493126715531/main-report http://hdl.handle.net/10986/26492 English en_US 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
en_US
topic ECONOMIC GROWTH
ECONOMIC OUTLOOK
POVERTY
UNEMPLOYMENT
ENERGY SECURITY
NATURAL GAS
RENEWABLE ENERGY
ENERGY TRANSMISSION INFRASTRUCTURE
spellingShingle ECONOMIC GROWTH
ECONOMIC OUTLOOK
POVERTY
UNEMPLOYMENT
ENERGY SECURITY
NATURAL GAS
RENEWABLE ENERGY
ENERGY TRANSMISSION INFRASTRUCTURE
World Bank
Economic Monitoring Report to the Ad Hoc Liaison Committee
geographic_facet Middle East and North Africa
West Bank and Gaza
description The Palestinian people face an increasingly uncertain political environment, and an economy that is failing to generate the jobs and incomes that are needed to improve living standards. Restrictions on trade and the access to resources, along with a decade long blockade of Gaza have led to a continuing decline in the productive base of the economy – with the share of Gross Domestic Product (GDP) in manufacturing halved in the last twenty-five years. Unemployment is now approaching 30 percent on average, with youth unemployment in Gaza twice as high. Although 2016 witnessed an improvement from the economic recession of 2014 -driven by a surge in reconstruction activity in Gaza – this is not sustainable nor sufficient to raise per capita incomes of the Palestinians. Looking forward GDP growth is expected to hover around 3.3 percent leading to a near stagnation in per capita income. Further increases in unemployment are also expected.
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 2017
url http://documents.worldbank.org/curated/en/509131493126715531/main-report
http://hdl.handle.net/10986/26492
_version_ 1764462105676742656

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