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FINANCIAL NEWS
Palestinian economy to face fiscal crisis
16 Sep 2016
(MENAFN) Foreign support to Palestine decreased by almost 50 percent in the last three years, leaving the budget under severe strain.
The Palestinian Authority reduced the deficit over the past decade, cutting it by 15 percentage points to 10 percent of GDP.
On the other hand, the economy is predicted to increase at almost 3.5 percent in the coming years.
However, unemployment in Gaza reached 42 percent and the territory is struggling to rebuild after a month-long war with Israel in 2014.
More News
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