JERUSALEM (Reuters) - War in Gaza will contribute to a reversal of seven years of growth in the Palestinian economy, now expected to shrink by nearly four percent this year, the World Bank said in a report on Tuesday.
The Gaza Strip - run by the Hamas Islamist group that is shunned by the West - will see contraction of as much as 15 percent, while a slight recovery in the fourth quarter could push West Bank growth to about 0.5 percent, the World Bank said.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
