Fiscal Crisis, Economic Prospects

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dc.creatorWorld Bank
dc.date2016-03-31T19:31:25Z
dc.date2016-03-31T19:31:25Z
dc.date2012-09-23
dc.date.accessioned2026-07-01T00:53:00Z
dc.descriptionEconomic growth in West Bank and Gaza (WB&G) slowed in the first quarter (Q1) of 2012. The real growth rate is estimated to have reached 5.6 percent, more than three percentage points lower than the Q1 2011 growth figure and almost one percent lower than the growth forecast contained in the Palestinian Authority's (PA's) budget. This decline is attributed to a major slowdown in Gaza, where real growth decreased from 21.3 percent to 6 percent on a year-on-year basis. The slowdown in Gaza during Q1 of 2012 was mainly attributed to a major decline in the agriculture and fishing sector, which offset much of the growth witnessed in other sectors. This sector shrank by 43 percent in Q1 2012 due to frequent power outages resulting from the lack of fuel in Gaza. Nevertheless, other sectors in Gaza expanded and the highest growth levels were witnessed in the construction, and hotels and restaurants sectors. In the West Bank, growth in Q1 2012 was broadly unchanged from its 2011 level. Most of the growth was from an expansion of services, which contributed around 2.2 percentage points of the 5.4 percent total growth in Q1 2012. The recent slowdown in economic growth is also reflected in higher unemployment levels. Overall unemployment in WB&G was 20.9 percent in the second quarter of 2012 compared to 18.7 percent during the same period in 2011. A serious concern in WB&G is the high level of youth unemployment that is accompanied by low youth participation in the labor force.
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dc.identifierhttp://documents.worldbank.org/curated/en/2012/09/17451645/fiscal-crisis-economic-prospects-imperative-economic-cohesion-palestinian-territories-economic-monitoring-report-ad-hoc-liaison-committee
dc.identifierhttps://hdl.handle.net/10986/23992
dc.identifierhttps://doi.org/10.1596/23992
dc.identifier.urihttp://hdl.handle.net/123456789/412417
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectACCESS TO RESOURCES
dc.subjectADVANCED TECHNOLOGIES
dc.subjectAGRICULTURAL PRODUCTS
dc.subjectAIR
dc.subjectAIR TRAVEL
dc.subjectANTI-MONEY LAUNDERING
dc.subjectAPPLICATION PROCESS
dc.subjectARCHAEOLOGICAL SITES
dc.subjectARREARS
dc.subjectBANK HOLDING
dc.subjectBANK OF ISRAEL
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBANKS
dc.subjectBINDING CONSTRAINT
dc.subjectBONDED WAREHOUSES
dc.subjectBORROWING
dc.subjectBUDGET DEFICIT
dc.subjectBUSINESS OPPORTUNITIES
dc.subjectBUSINESSES
dc.subjectBUYER
dc.subjectCAPABILITIES
dc.subjectCAPABILITY
dc.subjectCAPITAL EXPENDITURES
dc.subjectCAR
dc.subjectCARRIERS
dc.subjectCASH TRANSFER
dc.subjectCELL PHONES
dc.subjectCENTRAL BANK
dc.subjectCIVIL SERVICE
dc.subjectCOLLECTION PROCESS
dc.subjectCOMMUNICATION SERVICES
dc.subjectCOMPETITIVENESS
dc.subjectCONGESTION
dc.subjectCONSUMER GOODS
dc.subjectCREDIBILITY
dc.subjectCREDIT FACILITIES
dc.subjectCROSSING
dc.subjectCROSSINGS
dc.subjectCUSTOMER BASE
dc.subjectCUSTOMS
dc.subjectDEBT
dc.subjectDEPOSIT
dc.subjectDEPOSIT INSURANCE
dc.subjectDISPARITIES IN ACCESS
dc.subjectDONOR FUNDING
dc.subjectDONOR SUPPORT
dc.subjectDRIVING
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIES OF SCALE
dc.subjectELECTRICITY
dc.subjectEMPLOYMENT
dc.subjectEXCHANGE RATE
dc.subjectEXCISE TAX
dc.subjectEXPENDITURE
dc.subjectEXPLOITATION
dc.subjectEXPORT MARKETS
dc.subjectFARMERS
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL SUPPORT
dc.subjectFINANCING NEED
dc.subjectFISCAL REFORM
dc.subjectFISCAL REFORMS
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN INVESTORS
dc.subjectFORMAL BANKING
dc.subjectFUEL
dc.subjectGEOGRAPHICAL AREAS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH POTENTIAL
dc.subjectHIGH INTEREST RATES
dc.subjectHOUSEHOLDS
dc.subjectHOUSING
dc.subjectIMPORT DUTIES
dc.subjectINCOME CATEGORIES
dc.subjectINCOME TAX
dc.subjectINDUSTRIAL DEVELOPMENT
dc.subjectINDUSTRIAL ENTERPRISES
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINSTITUTION
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSURANCE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL MARKETS
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTMENT FUND
dc.subjectJOB CREATION
dc.subjectJOB OPPORTUNITIES
dc.subjectJOINT VENTURES
dc.subjectLABOR FORCE PARTICIPATION
dc.subjectLABOR FORCE SURVEY
dc.subjectLACK OF ACCESS
dc.subjectLAND ADMINISTRATION
dc.subjectLAND DEVELOPMENT
dc.subjectLAND REGISTRATION
dc.subjectLAWS
dc.subjectLEGISLATIVE FRAMEWORK
dc.subjectLICENSE
dc.subjectLOAN
dc.subjectLOAN DELINQUENCY
dc.subjectLOAN-TO-DEPOSIT RATIO
dc.subjectLOCAL DEBT
dc.subjectLOCAL GOVERNMENTS
dc.subjectMANUFACTURING
dc.subjectMATERIAL
dc.subjectMEDIUM ENTERPRISE
dc.subjectMEDIUM ENTERPRISES
dc.subjectMONETARY AUTHORITY
dc.subjectMONETARY FUND
dc.subjectMUNICIPALITIES
dc.subjectNATURAL RESOURCES
dc.subjectNEIGHBORHOODS
dc.subjectNETWORKS
dc.subjectNONPERFORMING LOANS
dc.subjectPAYMENT OF WAGES
dc.subjectPAYMENT SYSTEM
dc.subjectPENSION
dc.subjectPENSION SYSTEM
dc.subjectPENSIONS
dc.subjectPERSONAL BANKING
dc.subjectPERSONAL COMMUNICATION
dc.subjectPHONE
dc.subjectPLEDGES
dc.subjectPOLITICAL RISKS
dc.subjectPORTFOLIOS
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRIVATE SECTOR FIRMS
dc.subjectPRIVATE SECTOR INVESTMENT
dc.subjectPRIVATE VEHICLES
dc.subjectPROJECT MANAGEMENT
dc.subjectPROPERTY TAX
dc.subjectPUBLIC ADMINISTRATION
dc.subjectQUALITY OF SERVICE
dc.subjectREAL ESTATE
dc.subjectRECEIPTS
dc.subjectRECURRENT DEFICIT
dc.subjectRECURRENT EXPENDITURE
dc.subjectRESERVES
dc.subjectRESULT
dc.subjectRESULTS
dc.subjectRETAIL TRADE
dc.subjectRETURN
dc.subjectROAD
dc.subjectROAD NETWORK
dc.subjectROADS
dc.subjectROUTE
dc.subjectSAFETY
dc.subjectSAVINGS
dc.subjectSETTLEMENT
dc.subjectSMALL ENTERPRISES
dc.subjectSMART PHONES
dc.subjectSOURCE OF INCOME
dc.subjectSUPERVISION
dc.subjectTAX ADMINISTRATION
dc.subjectTAX COLLECTIONS
dc.subjectTAX RATE
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTELECOM
dc.subjectTELECOMMUNICATIONS
dc.subjectTELECOMMUNICATIONS COMPANIES
dc.subjectTELECOMMUNICATIONS INDUSTRY
dc.subjectTELECOMMUNICATIONS INFRASTRUCTURE
dc.subjectTELECOMMUNICATIONS SYSTEM
dc.subjectTERM CREDIT
dc.subjectTRANSFER PAYMENT
dc.subjectTRANSFER PAYMENTS
dc.subjectTRANSMISSION
dc.subjectTRANSPORT
dc.subjectTRANSPORTATION
dc.subjectTRANSPORTATION COSTS
dc.subjectTRAVEL TIME
dc.subjectTREASURY
dc.subjectTUNNELS
dc.subjectUNDERGROUND
dc.subjectUNEMPLOYMENT
dc.subjectVILLAGES
dc.subjectWAGES
dc.subjectWAREHOUSES
dc.subjectWEB
dc.subjectWIRELESS COMMUNICATIONS
dc.titleFiscal Crisis, Economic Prospects
dc.titleThe Imperative for Economic Cohesion in the Palestinian Territories, Economic Monitoring Report to the Ad Hoc Liaison Committee
dc.typeReport
dc.typeRapport
dc.typeInforme

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