IMF predicts “challenging” and “dim” economic future for Palestine

 Saturday September 14, 2013 00:21 by Shamus Slaunwhite – IMEMC

A report released Thursday [September 12, 2013] by the International Monetary Fund (IMF) on the economic situation in the West Bank and Gaza says that worrying trends have continued despite the optimism of renewed peace negotiations.

The IMF has been providing policy advice to the Palestinian Authority since 1994. (Photo: Wikipedia)
The IMF has been providing policy advice to the Palestinian Authority since 1994. (Photo: Wikipedia)

Those recent “worrisome trends” include “slowing growth, high unemployment, and large fiscal deficits.”

The report states that if the status quo is maintained, “economic prospects are dim”, and it questions the viability of the West Bank and Gaza’s public finances “if the current model of financing persistently large deficits with unpredictable aid flows is maintained.”

The IMF report recommends that the authorities reduce the fiscal deficit “significantly” over time, and that government spending be made more “growth-friendly.”

Furthermore, the report contends that “the economy would benefit from increased donor aid during a transitional period, and a broad-based and sustained easing of restrictions, not linked to specific projects, by Israel.”

According to the IMF, real GDP growth dropped from 11 percent in 2010-11 to 5.9 percent in 2012, and economic activity was undermined by “broadly unchanged Israeli restrictions in 2012 and political uncertainty.” Alarmingly, real GDP growth sank to 2.7 percent in the first quarter of 2013.

High unemployment is also a major concern. In the second quarter of 2013, the unemployment rates in the West Bank and Gaza were 17 percent and 28 percent, respectively. Meanwhile, youth employment in the West Bank and Gaza “has reached a staggering 33 percent.”

The IMF predicts a “challenging” near-term outlook wherein weak growth will cause unemployment to rise further.


For who does not understand the need or concept of resistance of Palestine, recommended read:

The History of Resistance – The Eagle of Palestine


MYTHS & FACTS ABOUT THE ROCKETS FROM GAZA

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  • More facts about the Rocket from Gaza MythsStorify
  • Half the story: What @IDFSpokesperson leaves out about #Gaza ~ by @yousefmunayyer
  • Israel and #Gaza: Context Behind Projectile Fire ~ by @yousefmunayyer
  • Truths and lies behind Israel’s attacks on Gaza and its whining about rockets ~ by @AliAbunimah
  • Israel is not looking for peace. Nor talks. But: This


FEATURED

  • March 23, 2012 | Gaza Siege Harshness Continues. Israel’s committing slow-motion genocide ~ by Stephen Lendman
  • March 18, 2012 | A “Leaflet” to the World about it’s own “forgotten” Extermination Camp called Gaza
  • Sept 5,  2013  | “Slow Death” -International report says collective punishment of Gaza has reached critical stage – Incl Full Report  PDF



PHOTOGRAPHY

Click on the thumbnails to view the full albums

Photos Gaza Under Attack Nov 21, 2012

Photos Gaza Under Attack Nov 20, 2012

Photos Gaza Under Attack Nov 19, 2012

Photos Gaza Under Attack Nov 18, 2012

Photos Gaza Under Attack Nov 17, 2012

Photos Gaza Under Attack Nov 16, 2012

Photos Gaza Under Attack Nov 15, 2012

Photos Gaza Under Attack Nov 14, 2012

Photos Gaza Under Attack Nov 11, 2012

Photos Gaza Under Attack Nov 10, 2012

Photos Gaza Under Attack Nov 8, 2012

Photos Gaza Under Attack Nov 5, 2012

Photos Gaza Under Attack Oct 29, 2012

Photos Gaza Under Attack Oct 28, 2012

Photos Gaza Under Attack Oct 24, 2012

Photos Gaza Under Attack Oct 22, 2012

Photos Gaza Under Attack Oct 7, 2012

Photos Gaza Under Attack Sept 29, 2012

Photos Gaza Under Attack Sept 19, 2012

Photos #Gaza Under Attack Sept 10, 2012

Photos #Gaza Under Attack – Sept 6, 2012

Photos #Gaza Under Attack Aug 5, 2012

Photos #Gaza Under Attack July 12, 2012

Photos #Gaza Under Attack June 23, 2012

Photos #Gaza Under Attack June 1-22, 2012

Photos #Gaza Under Attack May 17, 2012

Photos #Gaza Under Attack April 4, 2012

Photos #Gaza Under Attack March 14, 2012

Photos #Gaza Under Attack March 13, 2012

Photos #Gaza Under Attack March 12, 2012

Photos #Gaza Under Attack March 11, 2012

Photos #Gaza Under Attack March 10, 2012

Photos #Gaza Under Attack March 20, 2012

Photos #Gaza Under Attack February 2012

Photos #Gaza Under Attack January 2012

Photos #Gaza Under Attack December 2011

Photos #Gaza Under Attack Oct & Nov 2011

Photos #Gaza Under Attack Aug-Sept 2011

PHOTOS | Israel’s Massacre Cast Lead on Gaza 2008-2009




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ஜ۩۞۩ஜ

Martyred By Israeli Occupation Attacks

انّا للہ و انّا الیه راجعون

May Allah Subhana wa Ta’ ala grant the Shuhada Jannatul Firdaus, and ease it for their families, loved ones and anyone around them. Allahumma Ameen ya Rabbil Alameen. ‘ Inna Lillahi wa ‘ Inna ‘ Ilayhi Raji’un, Allahu Akbar

ஜ۩۞۩ஜ



* The list of shuhada does not display, the numerous victims of the zionist occupation which are undocumented by media. Nor it displays the victims of the “silent onslaught” due to restrictions of movement, ability to go to hospitals for treatment or life saving surgery, due to lack of medication because of the blockades and so on. For example: The Slow Motion Genocide by the Siege on Gaza only, killed 600 patients since Gaza got under Israeli Siege.

For an overview of All Israeli Massacres Palestinians go here

Neither does this list, display the avoidable mortality. A clear and statistical factual evidence, about the number of deaths due to indecent ruling by occupation forces. For even an occupier has obligations under International Laws, Geneva Convention and the Hague regulations, which it is neglecting. These circumstances, together with deliberate policies of the occupier to neglect and even deny every basic human right, severes avoidable mortality which is totally silenced by media or reporting organisations. While in the Holocaust, 1 on 6 Jewish people directly died of deliberate neglect, so if we believe the facts over 1 million due to avoidable mortality, neither should these same circumstances be ignores which are ongoing in Palestine. For this report displays a avoidable morality of at least 0,5 million Palestinians.

How many more dead corpses of Palestinians does the international community need to see in order to act? How many more cruelties and violations of Human Rights, Regulations and International Law will be needed to intervene so this ongoing warcrime is being stopped once and for all.





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