The already faltering Palestinian eco**my further shrank in 2013 and 2014, even without taking into account devastation caused by the recent conflict with Israel, a UN development agency said Wednesday. Eco**mic growth slumped from 11 percent in 2010 and 2011 to just 1.5 percent last year, and was set to shrink further, said the UN Conference on Trade and Development (UNCTAD). "The deterioration of the Palestinian eco**my, largely rooted in the territory's occupied status, has resulted in weak growth, a precarious fiscal position, forced dependence on the Israeli eco**my, mass unemployment, wider and deeper poverty and greater food insecurity," UNCTAD said. The agency, which produces regular studies of the Palestinian eco**my, underlined that its latest edition did **t take into account the impact of the latest Gaza conflict.
09-06-2014, 06:16 AM
Crisis-hit Palestinian eco**my battered further: UN
The already faltering Palestinian eco**my further shrank in 2013 and 2014, even without taking into account devastation caused by the recent conflict with Israel, a UN development agency said Wednesday. Eco**mic growth slumped from 11 percent in 2010 and 2011 to just 1.5 percent last year, and was set to shrink further, said the UN Conference on Trade and Development (UNCTAD). "The deterioration of the Palestinian eco**my, largely rooted in the territory's occupied status, has resulted in weak growth, a precarious fiscal position, forced dependence on the Israeli eco**my, mass unemployment, wider and deeper poverty and greater food insecurity," UNCTAD said. The agency, which produces regular studies of the Palestinian eco**my, underlined that its latest edition did **t take into account the impact of the latest Gaza conflict.
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