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Palestinian economy in ‘precarious’ position: IMF

The International Monetary Fund (IMF) has said the Palestinian Authority (PA) is in a precarious economic position and may struggle to keep financing its budgets over time, the Associated Press has reported. The Palestinian territories are plagued by a host of problems such as slowing growth, high unemployment, large budget deficits, Israeli restrictions, and an unpredictable stream of donor aid, said the IMF's mission chief for the West Bank and Gaza, Christoph Duenwald. "The whole problem is rooted in the political conflict between Israelis and Palestinians," Duenwald said ahead of the release of an IMF staff report on West Bank and Gaza economies.