Palestinian Authority Foreign Minister Riyad al-Malki informed UN Secretary-General Ban Ki-moon on Saturday that the PA would ask the international community on September 20 to recognize “Palestine” as a sovereign state, at the General Assembly’s annual opening gathering at UN headquarters in New York.

The diplomatic ramifications of the looming unilateral Palestinian declaration of independence have been much discussed lately. But in the run-up to September, the question of the condition of the Palestinian economy takes on ever greater urgency.

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