Palestine Monetary Authority forecasts slowdown amid ‘political impasse’

Authority sees likelihood of “slackening trend” of growth

Palestine Monetary Authority
The PMA's new headquarters are due to open in early 2017. Photo: PMA
Photo: PMA

The Palestine Monetary Authority (PMA) forecasts a growth slowdown in 2017 as the difficult political environment continues to impact the economies of the Gaza Strip and West Bank.

A report released on December 21 shows the central scenario is for a "slackening trend" of economic growth, with real GDP expected to grow 3.1% this year. The "sluggishness" is related to a host of factors, the PMA said, including a "political impasse", continuing settlement activities, restrictions on the West Bank

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