By: Middle East Affairs
The United Nations trade and development agency UNCTAD said in an annual report: “Palestinian citizens are trapped in an economy of jobless growth with no prospects, especially in Gaza, which is undergoing de-development.”
“Unemployment in the Palestinian territories was the highest in the world in 2017, at 27.4 percent, while agricultural production fell by 11 percent. Half of Palestinians under 30 were unemployed. The economy grew 3.1 percent but was flat on a per capita basis,” it said.
UNCTAD Deputy Secretary-General Isabelle Durant told a news conference in Geneva, describing the economic situation as “absolutely unsustainable”. “Every year the situation becomes more and more unacceptable and difficult.”
The report said: “A customs union between Israel and the Palestinian territories has isolated the Palestinian economy from the rest of the world and left it dependent on Israel.”
Mahmoud Elkhafif, coordinator of the report, said: “The major reason for this dark situation from the economic development point of view is a set of Israeli restrictions.”
“These measures incorporate allow frameworks for Palestinians to work in Israel, you have detours in the West Bank, you have earth hills, trenches, street check focuses, entryways and detachment boundaries.”
In Gaza, where genuine livelihoods have fallen 30 percent since 1999 and generation limit has been hit by progressive military tasks, family units got a normal of two long stretches of power every day, and just around 10 percent had drinking water.
Elkhafif said: “It is de-improvement, it isn’t advancement.”
On the other hand, Hamas, an Islamist development assigned a fear based oppressor bunch by Western nations and Israel, seized control of the domain in 2007 after a short respectful war with powers faithful to Mahmoud Abbas, the Western-sponsored Palestinian president situated in the West Bank.
Israel pulled back its troops and pilgrims from Gaza in 2005, at the same time, refering to security concerns, keeps up tight control of its territory and ocean fringes. Egypt additionally limits development all through Gaza on its outskirt.
Abbas’ Palestinian Authority has additionally tried to utilize money related measures to separate Hamas, a year ago slicing the pay rates of thousands of government laborers in Gaza by 30 percent.
Add up to global help dropped essentially, from $2 billion out of 2008 to $720 million of every 2017.
A further blow came for the current month when U.S. President Donald Trump ended financing for the U.N. Palestinian exile organization UNRWA, leaving a $200 million hole.
“It was too soon to evaluate the effect of the U.S. move, and she trusted European or different contributors may in any event halfway make up the deficiency,” Durant said.