Palestine Economic Update
Palestine Economic Update - July 2024
author: Palestine Economic Policy Research Institute - MAS
year: 2024
Key Features
- 300 days of an escalating war that risks genocide have resulted in a severe humanitarian crisis, and the situation is rapidly deteriorating each day.
- Entry of humanitarian truckloads into the Gaza Strip, which was already insufficient to meet the soaring needs, dropped to less than half after Israel invaded and seized control of the Rafah border crossing.
- Recent months have seen significant increases in settlement activity, a drastic shift in Israeli spatial planning powers in the West Bank, and an expansion of Israeli authority over Palestinian archaeological sites throughout the territory, all of which contribute to the erosion of Palestinian land and rights while imposing a de facto annexation of the West Bank.
- Signaling a market response to the crisis, the Al Rabyeh Animal Feed and Grain Factory exemplifies efforts to reduce import dependency and enhance local production, contributing to economic resilience amidst war-induced economic hardships
