Economic
Palestinian Authority warns of economic collapse in West Bank
Deputy Economics Minister Rashad Yousef warns that the Palestinian Authority's institutions may face complete collapse as the West Bank economy shrinks by nearly a quarter due to the ongoing conflict
Deputy Economics Minister Rashad Yousef has issued a stark warning that the Palestinian Authority's institutions may face complete collapse as the West Bank economy continues to deteriorate under the strain of the ongoing conflict. Recent statistics show that the West Bank's GDP has contracted by nearly a quarter, reflecting a deepening economic depression that follows the prolonged hostilities and the associated restrictions on movement and trade. The contraction has severely impacted local businesses, employment, and public services, leaving the PA struggling to finance basic operations and social support programs. The situation is compounded by the broader regional instability and the reduced inflow of international aid, underscoring the urgent need for a sustainable political and economic resolution to prevent further institutional and societal breakdown.
- Status
- active
- Location
- West Bank, Palestinian Territories
- Date added
- 2026-03-25 23:31 UTC
- Last updated
- 2026-03-25 23:31 UTC
- Source
- KPBS
- Connected threats
- Not provided