Palestinian Economy Drained

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2020 has been a financially challenging year for the Palestinians. First, it was the coronavirus that damaged the already-ailing Palestinian economy, widening the circles of poverty and unemployment in the West Bank and Gaza.

Then it was Israel’s plan to extend sovereignty over parts of the West Bank, a move that damaged the cooperation between the Jewish state and the PA and that resulted in Ramallah’s decision to reject the acceptance of tax revenues collected for the Palestinians.

And finally, it was the deals reached between Israel, the United Arab Emirates, and Bahrain that dealt the Palestinians a severe diplomatic blow and that now threaten to claim a financial toll too.

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