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FINANCIAL NEWS
West Bank economy contracts in H1
09 Oct 2013
(MENAFN) The World Bank said that the West Bank”s economic growth contracted in the first six months of 2013, recording the first contraction in 10 years, The Peninsula Qatar reported.
This contraction in growth is due to lower foreign aids and numerous restrictions implemented by Israel, the World Bank said.
The economic growth in both Palestinian territories, West Bank and Gaza Strip, expanded by only 1.9 percent in the first half, after recording a growth of 9 percent in the period between 2008 and 2011.
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