News
11.23.2004
  Banca Mondiale: l'economia palestinese e' in crisi. BBC NEWS | Business | Palestinian economy in decline: "Despite a short-lived increase in Palestinian jobs in 2003, the economy is performing well below its potential, said a World Bank report.

Unemployment stood at 25%, compared with 10% before the uprising against Israeli occupation four years ago.

Young people are particularly hard hit with 37% out of work, compared with 14% four years ago.

But 104,000 new jobs were created last year during a brief easing of violence and border closures.

However, during the first half of this year, the Palestinian economy lost more than 22,000 jobs.

Last year's growth rate of 6% can also be attributed to this temporary gap in violence, the report said." 


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