Economy of Palestine
Title: Economy of Palestine
Category: Law & Government / Government & Politics
Details: Words: 218 | Pages: 0.9 (approximately 235 words/page)
Economy of Palestine
Economy has lost £790 million. This is equivalent to 20% of projected GDP for the year 2000.
Investors have been detracted from Palestine due to blockade and due to poor resources in the country. Unless things change investors will not change their minds. It means it will be very difficult for business in Palestine to get any projects financed and major projects will be delayed.
If Sharon imposes border closures, import and export businesses will be seriously disrupted. …showed first 75 words of 218 total…
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…showed last 75 words of 218 total…it was 0 million. It was almost double that in 1999 when things were much better."
However, external aid is still a crucial part of the picture and, under the circumstances, the donor financing will presumably continue.
Poverty has increased by 50% since beginning of crisis. World Bank has released a report stating that 32% of Palestinians are below the poverty line.
100,000 Palestinians (23% of the workforce) depend upon work in Israel – family income has evaporated. Purchasing power has decreased.
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