Gaza¡¯s economy is in free fall, marking minus 6 percent growth in the first quarter of 2018 with indications of further deterioration since then.
While the decade long blockade is the core issue, a combination of factors has more recently impacted the situation in Gaza; including the decision of the Palestinian Authority (PA)¡¯ to reduce the monthly payments by USD30 million to the area, the winding down of the US$ 50- 60 million per year of the US Government aid program, and the cuts to the United Nations Relief and Works Agency program.
The latest World ¶¹ÄÌÊÓƵAPP report to the Ad Hoc Liaison committee (AHLC) highlights the critical challenges facing the Palestinian economy and identifies the needs going forward.