Palestinian economic woes compounded by COVID-19 - U.N. report


  • World
  • Wednesday, 09 Sep 2020

FILE PHOTO: Palestinians shop at a market in the West Bank city of Ramallah March 25, 2015. REUTERS/Mohamad Torokman/File Photo

GENEVA (Reuters) - The COVID-19 pandemic is compounding dire economic conditions in the Palestinian territories, where GDP per capita was already projected to fall by 3% to 4.5% this year, a United Nations agency said on Tuesday.

Lockdown measures have had "grave fiscal implications" for authorities and residents of the Israeli-occupied West Bank and Gaza Strip, and come as donors are cash-strapped, the U.N. Conference on Trade and Development (UNCTAD) said in a report.

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