Main reports: According to a recent World Bank report, Palestinian GDP is expected to contract by 8% in 2020 due to the resurgent COVID-19 outbreak, a severe economic slowdown, and the PNA’s political stand-off with Israel.
According to the World Bank, 121,000 people lost their jobs in the second quarter of 2020, while the third quarter saw an improvement with 50,000 regaining their employment. This improvement puts the unemployment rate at 28.8% at the end of the third quarter.
UNCTAD published a report on 25 November, investigating the economic cost of the closures and restrictions on the Gaza Strip.
Al-Quds index reached 462.8 points on the last day of trading in November, an increase of 6.4% from the previous month.