World Bank: Palestinian economy could contract by 11% due to COVID-19

In 2019 the Palestinian economy grew by only 1% due in part to low levels of investment, movement restriction, poor tax collection and a stand-off between the PA and Israel.

A Palestinian man waits at a counter to make a withdrawal at the Housing Bank for Trade & Finance in the West Bank city of Ramallah January 22, 2013

A Palestinian man waits at a counter to make a withdrawal at the Housing Bank for Trade & Finance in the West Bank city of Ramallah January 22, 2013

(photo credit: MOHAMAD TOROKMAN/REUTERS)

ByTOVAH LAZAROFF

JUNE 1, 2020 15:04

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