UN: Palestinian economy crippled by virus, Israeli occupation
28 Sep 2021; MEMO: The year 2020 was the worst for the Palestinian Authority (PA) since its establishment in 1994 due to the Israeli occupation and the coronavirus pandemic, the UN Conference on Trade and Development (UNCTAD) said yesterday.
UNCTAD said in its annual report that the PA's economic decline in 2020 was a continuation of its already bad economic conditions in 2019.
It blamed the COVID-19 and measures taken by the Israeli occupation for the economic downturn across the occupied Palestinian territories.