After growing 7.1% in 2021, the Palestinian economy is expected to advance less; by 4% this year. Inflation is dwindling consumption and investment power.
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Palestine grew 6% in 2021, following a 11.3% recession in 2020. An upturn is expected to come only by the end of next year.
Palestinian authorities said in a webinar on Wednesday (23) that the country would like to receive investments from Brazil and increase bilateral trade. A representative of Palestine’s Ministry of Economy participated.