Know More About Palestine



Wednesday June 8, 2011 6:50 PM (EST+7)
UN agency debunks Palestinian economic growth claims


Read more: economy, unemployment, inflation, UNRWA, refugees, economic peace, trade, closure

RAMALLAH, June 8 (JMCC) - A United Nations agency reported Wednesday that the Palestinian economy continues to struggle with unemployment and inflation, despite claims of an economic boom.

UNRWA, which works with Palestinian refugees, said that higher than expected growth in 2010 provided a misleading view of the West Bank economy, where restrictions on movement continue to depress trade and commerce, said the AFP.

The report said the unemployment rate in the West Bank stood at 25 percent in the second half of 2010, up from 23.5 percent in 2009.

For Palestinians in the West Bank classed as refugees, the unemployment rate was even higher, standing at 27.9 percent, according to the report.

And it said that rising consumer inflation, which stood at 2.3 percent in the second half of 2010, caused a further slide in the purchasing power of wage incomes among Palestinians in the West Bank.

The agency said the figures provided a stark counterpoint to claims of an economic boom in the West Bank.


WHAT'S NEW


BACKGROUND


POLLS


WAYS TO GET JMCC


CONTACT US


Subscribe

Al-Madaris St. (same building as
MBC and al-Arabiya studios)
First Floor, Al-Bireh
PO Box 4045, Ramallah
PO Box 25047, Jerusalem 97300
Phone: ++972-2-297-6555
Fax: ++972-2-297-6555
Log in to My JMCC
Email
Password
 or Sign Up
Forgot your password?Close
 My JMCC
Front Page
My Comments Photo of the Day
Calendar Hot Spot(for journalists)
Audio of the Day Video of the Day
Most Popular Historical Timeline
Noticeboard Blogs
My Tags Help Desk
  
User Info
First Name
Last Name
Email
My Tags 
I am a
After signing up,you will receive
an automatically
generated password in your
email.
Close
Recover Password
Submit Your Email
 or Sign Up
Close