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Palestinian economy falters despite pandemic recovery

Despite the end of the coronavirus pandemic, an improvement in the Palestinian economy does not seem very likely given other factors.
Palestinian farmers harvest cucumbers in a field near Gaza City, Gaza Strip, Sept. 7, 2022.

RAMALLAH, West Bank — The Palestinian economy is still suffering from the repercussions of the coronavirus pandemic and is unable to return to its pre-pandemic state. Despite indications of recovery, many challenges hinder progress, mainly exemplified by the ongoing Israeli restrictions on movement, transit and investment in the Palestinian territories. The continuation of the crisis at the levels of purchasing power and increasing commodity prices all slow the pace of the economic recovery.

The World Bank stated in its latest report published Sept. 18 that growth in the Palestinian territories is expected to reach 3.5% in 2022, which is a decline from 7.1% in 2021. 

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