Palestinian Crisis Grows

Economist Nasr Atiyani warned that the Palestinian crisis is worsening due to the withholding of more than 15 billion shekels in clearance revenues, the loss of jobs in Israel by around 200,000 workers, and rising energy costs. He estimated unemployment at 43% to 45% in the Palestinian territories and 80% to 85% in Gaza. The government faces a gap between monthly spending of around 1.5 billion shekels and resources totaling no more than 700 million, while pressure on businesses, households, and the banking sector continues to grow. Atiyani called for five priorities to rescue the economy: protecting domestic products, expanding the productive base, investing in vocational education and technology, directing donor support toward employment and production, and diversifying trade partnerships to reduce dependence on Israel. He said recovery would also require the release of Palestinian funds, easing restrictions on movement and trade, and adopting policies and partnerships that support production and job creation.

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