جديد الاقتصاد الفلسطيني - ديسمبر 2023 ( English Only )

Key Messages

  • Ongoing third month of war with intensified Israeli attacks, destruction, and humanitarian crisis.
  • Pledges cover 50% of the $1.2 billion Flash Appeal; critical funding gaps persist, notably in health and nutrition, shelter, and WASH. 
  • Most water systems need repair, 70% of households use contaminated water, and diseases are rising.
  • Gaza's food system is on the brink of collapse; 100% reported food insecurity, severe hunger levels, scarcity, rising prices, and essential items disappearing.
  • Projections downgrade 2023 Palestinian economic growth rates from 3.2% to a contraction of 3.7%; $1.5 billion GDP loss; fiscal crisis threatens basic functions.
  • Economic collapse looming in the West Bank with 29% of establishments closed, sales sharply declining, and significant workforce reductions.
  • PNA and GoI reached an agreement on clearance revenues, subsequently repudiated by Israeli Minister of Finance - yet deductions continue, local tax revenues are declining, and the fiscal deficit is projected at $887M, leading to further accumulation of arrears.
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