This article is the flip side of yesterday’s posting:
“Four years since the outbreak of the intifada in September 2000, the Palestinian economy continues to be mired in deep recession, according to a World Bank report released today…”
“According to the report, the living standards of Palestinians have dramatically declined. Despite economic stabilization in 2003, some 47 percent of Palestinians live below the poverty line. A separate publication* produced jointly by the Palestinian Central Bureau of Statistics and the World Bank, focuses on the ‘poorest of the poor’, noting that as many as 600,000 Palestinians cannot afford to meet their basic needs in food, clothing and shelter to survive. Facing what is known as subsistence poverty, this group whose expenditures amount to less than $1.5 a day per person, has become increasingly vulnerable to economic shocks.”
