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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    World Bank: Political and financial risks predict an unfavorable Palestinian economy

    Rocky
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    • Post n°1

    World Bank: Political and financial risks predict an unfavorable Palestinian economy Empty World Bank: Political and financial risks predict an unfavorable Palestinian economy

    Post by Rocky Wed 18 Oct 2017, 3:09 am

    [size=30]World Bank: Political and financial risks predict an unfavorable Palestinian economy[/size]
    18/10/2017 09:24 | Number of readings: 47
    font size:  World Bank: Political and financial risks predict an unfavorable Palestinian economy Font_decrease  World Bank: Political and financial risks predict an unfavorable Palestinian economy Font_enlarge
    World Bank: Political and financial risks predict an unfavorable Palestinian economy Thumbnail.php?file=58a1ada3c46188b42c8b4633_395396352
    [rtl]Trend Press / Agencies[/rtl]
     
    [rtl]In a recent report, the World Bank paints a bleak picture of the future of the Palestinian economy as a result of the country's political and financial risks that make its economy unfavorable.[/rtl]
    [rtl]The World Bank said in a report on Wednesday that it is not possible to achieve sustainable economic recovery in the Palestinian territories, given the deadlock in the peace process.[/rtl]
    [rtl]Palestinian-Israeli negotiations have been stalled since April 2014, prompting donors to reconsider financial aid to the Palestinians, prompting Tel Aviv to continue to impose restrictions on trade for individuals and access to resources.[/rtl]
    [rtl]The World Bank expressed its fears that "the recent clashes in the West Bank (popular gift launched in October 2015) could explode again. If this happens, it will negatively affect economic activity and poverty."[/rtl]
    [rtl]The worsening economic situation in the Palestinian territories, according to the report, "is a continuation of the decline in aid and financial grants, than the current expectations."[/rtl]
    [rtl]External financial grants to Palestine have declined by 31 percent over the past three or four years, down from $ 1.1 billion on average to $ 765 million in 2016.[/rtl]
    [rtl]On the Gaza Strip, the report noted that the reconstruction process could suffer setbacks. "In such a scenario, it does not rule out the possibility of resuming armed conflict, which could lead to a recession and a reduction in spending," he said.[/rtl]
    [rtl]It is expected that the practical steps of the reconciliation agreement signed between Fatah and Hamas will begin later this month after a split of more than 10 years.[/rtl]
    [rtl]The report predicted growth of 3 percent this year if security remained calm, according to the World Bank, "2.7 percent in the West Bank and 4.0 percent in the Gaza Strip."[/rtl]
    [rtl]The World Bank described the expected growth rate as weak, saying that "this indicates the per capita income stagnation and the increase in unemployment."[/rtl]
    [rtl]The unemployment rate in the Palestinian market, up to the second quarter of this year is 29 percent, and rises in the Gaza Strip without the West Bank to 44 percent and more than 60 percent among young people.[/rtl]
    [rtl]Overall, political and financial risks represented by a drop in grants could reach a budget deficit of $ 1.2 billion this year, out of a total of $ 4.3 billion and financial grants at $ 666 million.[/rtl]
     

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