VOL. XLV

No 14

8-April-2002

PALESTINE

WorldBank Says Palestinian Economy In Severe Recession, 50%Of Population In Poverty

The Palestinian economy is in severe recession, mainly asresult of the heavy restrictions on the movement of labor and goods in the WestBank and Gaza, according to the World Bank in a 23 March report (prior to thelatest escalation of violence) entitled FifteenMonths Intifada, Closures and Palestinian EconomicCrisis. While the economic crisis is not irreversible and the...