12:33 pm - Sunday October 20, 2019

Tag Archives: Mid East

Stifled West Bank economy drains Palestinians’ hopes

Written by | October 17, 2012 | 0
Market vendors at a stall in Hebron Old City
Passers-by linger in front of the window displays on a main shopping street in central Hebron but seem reluctant to enter the stores. In the old market, vendors call out their wares but are largely ignored. The city is the largest in the West Bank and a major commercial and industrial hub, accounting for about one third of the West Bank’s GDP. Recently it was also the scene of some of the worst violence during Palestinian economic protests. Locals blame the discontent on high unemployment, low wages and the rising cost of living as well as the heavy burden of consumer debt. “Our economy depends 100% on customers and as you can see, now the customers have no money,” says Ayman, a tour guide. As the global recession plays out, the Palestinians are not alone in facing such woes.