Tuesday, August 7, 2012

Bubble in aid-dependent West Bank bound to burst, say economists

Jillian Kestler-D'Amours
The Electronic Intifada
Ramallah 6 August 2012

"RAMALLAH (IPS) - A bubble in the economy of those West Bank cities, towns and villages managed by the Palestinian Authority cannot be sustained, according to analysts. “It [the bubble] will collapse, and the collapse will be harder when it happens later,” said Tareq Sadeq, a Palestinian economist and professor at Birzeit University.

“It will mean that people will lose their homes. They will lose their cars. They will lose their land sometimes because of the collapse of the bubble. This will affect the whole economy and will also reflect on the Palestinian Authority. So this may be a collapse of the PA itself,” Sadeq said......"

No comments: