The Palestinian economy’s post-pandemic recovery continued in 2022 with GDP growth at 3.9 percent. However, the GDP growth is expected to slow during 2023 as the post-pandemic rebound tapers off. Downside risks persist, with Russia’s ongoing invasion of Ukraine threatening global supply chains and prices, while the ongoing escalation of clashes in the Palestinian territories remains a key source of risk. Establishing fiscal sustainability will require strong and sustained macroeconomic reforms as well as donor support and meaningful cooperation by the Government of Israel.
- Economic Monitoring Report to the Ad Hoc Liaison Committee- May 2023 (Full Report in a PDF format)