Susan Geodeken

Recently published World Bank and UNCTAD reports give dire warnings about the state Rof the Palestinian economy and its ability to recover from the economic crisi tsh oef s tthaties year. Their calculations are indeed shocking. The World Bank predicts that if the current situation is allowed to continue through the end of 2006, 67% of the Palestinian population will be living in poverty, while Palestinians’ average income will fall by 40%. They warn that 2006 may be the worst year in Palestinian economic history.