Arab Today, arab today palestinian economic outlook bleak
Last Updated : GMT 08:32:04
Arab Today, arab today
Arab Today, arab today

Palestinian economic outlook bleak

Arab Today, arab today

Arab Today, arab today Palestinian economic outlook bleak

Geneva - AFP

The economic outlook in the Palestinian Territories deteriorated further last year, said a UN report released Wednesday which pointed at a jobless rate of 57 percent. And the plight of workers in the Gaza Strip, where a young man burned himself to death in despair just a few days ago, is among the worst in the world, a UN expert said. A report by experts commissioned by the UN Conference on Trade and Development and released by UNCTAD on Wednesday set out the grim outlook in the Gaza Strip and the West Bank. \"The long-term prospects for Palestinian economic development became even more unattainable in 2011 than in the previous years,\" they wrote in \"Developments in the economy of the occupied Palestinian territory.\" They put forward a number of reasons for their pessimistic forecast, saying that \"restrictions on movement, faltering aid flows, a paralysed private sector, and a chronic fiscal crisis cloud the horizons.\" In addition, they noted, high unemployment only worsened poverty. Wednesday\'s report came out just days after one 17-year-old Palestinian died Sunday, four days after he had set himself on fire in desperation over financial problems. \"In 2011, the average real wages in the occupied territories fell six percent compared to 2010,\" Mahmoud Elkhafif, coordinator of UNCTAD\'s assistance programme to the Palestinians, told reporters. Already in June, an International Labour Organization (ILO) report warned of the consequences of high rates of youth unemployment among Palestinians, which it said could lead to just such acts of desperation. \"The situation of workers in Gaza is one of the worst in the world,\" Nada al-Nashif, ILO\'s Regional Director for the Arab States, told reporters. In 2011, there were 222,000 unemployed people in the Palestinian Territories, with more than 70 percent of those under 30 without work. In the Gaza Strip, where the young Palestinian died on Sunday, the jobless rate was running at three times the regional average. More than 80 percent of the Gaza Strip\'s 1.6 million inhabitants depend on international aid. More than 40 percent of them live below the poverty line. And according to ILO figures, the jobless rate in the Palestinian Territories overall stood at 57 percent. In the Gaza Strip, 45.7 percent of young men are without a job. Among young women the rate stands at 78.1 percent. The UNCTAD report also denounced other effects of Israeli-imposed restrictions. \"The impact of occupation on the Palestinian productive base, especially the agriculture sector, has been devastating,\" UNCTAD said in its report. \"The economy has lost access to 40 percent of West Bank land, 82 percent of its ground water, and more than two thirds of its grazing land,\" it noted. \"In Gaza, half of the cultivable area and 85 percent of fishery resources are inaccessible,\" it added. And in East Jerusalem, it noted, the situation was even worse. \"Even more alarming is that East Jerusalem\'s poverty rate is higher than Gaza\'s despite it being encompassed by an Israeli urban metropolis of \'Greater Jerusalem\'.\" Rates of poverty there had risen from 64 percent in 2006 to 78 percent in 2012, it said, citing figures compiled by activists from the Association for Civil Rights Israel (ACRI). Here again, it said, high unemployment was the root of the problem. The territories\' trade and economic dependency on Israel remained a source of concern, said the report. Trade with Israel in 2011 represented 80 percent of the Palestinians\' total trade activity; and its trade deficit with Israel made up 84 percent of the total Palestinian deficit -- 31 percent of its GDP.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today palestinian economic outlook bleak Arab Today, arab today palestinian economic outlook bleak

 



Arab Today, arab today
Arab Today, arab today US, Britain ban laptops on flights

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Hezbollah commander killed by own men

GMT 07:43 2017 Wednesday ,22 March

Hezbollah commander killed by own men
Arab Today, arab today Tunisian media host praises her new experience

GMT 12:35 2017 Wednesday ,15 March

Tunisian media host praises her new experience
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemeni official warns education is under threat

GMT 12:03 2017 Tuesday ,14 March

Yemeni official warns education is under threat
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Palestinian police wage war

GMT 07:53 2017 Friday ,17 March

Palestinian police wage war
Arab Today, arab today Donia Abdel Aziz participates in "Game of Silence"

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"
Arab Today, arab today Mexico threatens to ditch US corn imports

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 07:39 2017 Monday ,20 March

Dalia Mustafa believes in the presence of ghosts

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection

GMT 16:41 2017 Monday ,20 March

Preserving the memory of glaciers

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 13:11 2017 Tuesday ,21 March

Web-based counseling lowers blood pressure

GMT 17:08 2017 Saturday ,18 March

Reveals secrets of tourism flights to space

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 22:39 2017 Thursday ,09 March

Zuhair Murad presents his new collection "Resorts"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday