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(AP-Washington Post) The Palestinian economy's recent growth is unsustainable because of its heavy reliance on foreign aid, a World Bank report said Wednesday. For the past two decades, donor countries have propped up the Palestinian economy by giving billions of dollars. Growth has been primarily in government services and real estate, while manufacturing and agriculture have dropped significantly. The study said the Palestinian Authority has made steady progress toward establishing a future state, "but the economy is currently not strong enough to support such a state."2012-07-26 00:00:00Full Article
World Bank: Palestinian Economy "Not Strong Enough to Support a State"
(AP-Washington Post) The Palestinian economy's recent growth is unsustainable because of its heavy reliance on foreign aid, a World Bank report said Wednesday. For the past two decades, donor countries have propped up the Palestinian economy by giving billions of dollars. Growth has been primarily in government services and real estate, while manufacturing and agriculture have dropped significantly. The study said the Palestinian Authority has made steady progress toward establishing a future state, "but the economy is currently not strong enough to support such a state."2012-07-26 00:00:00Full Article
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