World Bank: Palestinian economy improved in 2005

By JPOST.COM STAFF
December 11, 2005 04:37

 
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The Palestinian economy improved significantly in 2005, according to a World Bank report to be presented at a donor's conference that will meet in London in the coming days. According to the report, quoted by Israel Radio, unemployment in Palestinian areas went down from 27 percent in 2004 to 22% in 2005. The gross national product of the territories is expected to rise by some 8% in 2005 compared to 2004. In addition, the average income of residents of the territories rose in 2005 by some 12%.



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