The Earth and Sky, This is the Economic Gap between Palestine and Israel

Like Earth and Sky, This is the Economic Gap between Palestine and Israel

The Earth and Sky, This is the Economic Gap between Palestine and Israel

Dream - The number of casualties in Gaza Strip, Palestine, due to Israel's attacks continues to rise. According to the latest report from Aljazeera as of November 6, 2023, at least 9,770 Palestinian citizens have been killed in Israel's attacks on Gaza since October 7.

However, the impact of the war not only causes casualties and deaths, the World Bank says, the war that occurs can have an impact on the economic growth of Palestine.

"The restrictions on movement and access imposed by Israel continue to limit Palestinian development in the West Bank and create conditions similar to the near-closed economy in Gaza."

The following 'Bahasa' text translated to 'English' while preserving any html tags: "Bank Dunia said quoted from Liputan6.com, Monday, November 6, 2023."

The translation of the text "Perekonomian Palestina" from Bahasa to English while preserving any HTML tags is: "Palestinian Economy".

The economic conditions of Palestine and Israel are apparently very different. The economic growth of Palestine is recorded at 3.9 percent in 2022. This growth is almost half of the growth rate in 2021, which was 7 percent.

The Director of the World Bank, Stefan Emblad, mentioned that the economic prospects of Palestine are said to weaken with increasing risks of decline.

Growth is projected to weaken in 2023 and beyond, with nominal GDP growth estimated at around 3 percent and real GDP growth stagnant due to population growth trends.

"It is estimated to worsen if the escalation of clashes between Palestinian and Israeli forces continues for several months and results in tighter restrictions, including at border crossings."

"ungkap Stefan Emblad." translates to "revealed Stefan Emblad."

The translation of "Perekonomian Israel" from Bahasa to English while preserving any HTML tags is: "Israeli Economy"

Based on OECD Israel data, Israel's economic growth is considered strong with a growth of 6.4 percent in 2022. OECD Israel also projects that the country's GDP growth will remain strong at 3.0 percent in 2023 and 3.4 percent in 2024.

"At the same time, Israel's inflation is expected to remain high at an average of 3.8 percent in 2023. However, it is gradually predicted to reach the target range, averaging 2.2 percent in 2024."

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